Today, I want to give you a bit more insight into how the Dutch recovery and resolution regime for insurers works. Those of you familiar with the BRRD – the Bank Recovery and Resolution Directive – might recognize some of these resolution tools and practices. However, practical implementation for insurers can sometimes be very different than for banks.
In addition, the FSB monitors the implementation and effectiveness of international financial standards and policies via its peer review programme. Peer reviews are an important tool to promote consistency, enabling FSB members to engage in dialogue with peers and share lessons and experiences. It is necessary to continue on this path. 6.