The paper provides further guidance on the supervisory material related to macroprudential supervision in Insurance Core Principle (ICP) 24, which was revised as part of the Holistic Framework.
The paper provides guidance for supervisors and resolution authorities in implementing a resolution framework, including setting up powers, planning for resolution and issues around coordination and cooperation. The paper is part of a broader project to help insurance supervisors and resolution authorities apply the standards on recovery and resolution in the ICPs and ComFrame.
The paper describes practices aimed at helping supervisors address issues related to the supervision of control functions as described in the ICPs and ComFrame. In particular, the Application Paper supports observance of ICP 8 (Risk Management and Control Functions) and is relevant to ICP 5 (Suitability of Persons) and ICP 7 (Corporate Governance
