In its response to the European Commission's consulation on a possible recovery and resolution framework for financial institutions other than banks, the IRSG is supportive of EU action in this area but considers that EU legislation mut be fully aligned with IOSCO principles on this area.
The group highlighted a number of issues including:
You may also be interested in the following related reports:
IRSG response to Swinburne report on non-bank resolution
IRSG response to HMT consultation “Financial sector resolution: broadening the regime”
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