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Ref: 6/2026

  • FSB publishes final guidance for authorities to assess which insurers should be subject to recovery and resolution planning (RRP) requirements.
  • The guidance outlines key criteria to consider when assessing individual insurers and specifies circumstances when RRP requirements should apply.
  • The guidance may help authorities in determining which insurers they should report to the FSB’s list of insurers subject to resolution planning standards consistent with the Key Attributes.

The Financial Stability Board (FSB) today published its finalised guidance on the scope of insurers subject to recovery and resolution planning (RRP) requirements. The guidance offers a structured approach for authorities to assess which insurers should be subject to those requirements, consistent with the FSB Key Attributes of Effective Resolution Regimes for Financial Institutions (Key Attributes).

The Key Attributes establish RRP requirements as a fundamental component of effective resolution regimes for financial institutions. The guidance published today outlines six key criteria that authorities should consider when evaluating whether an insurer should be subject to RRP requirements: nature, scale, complexity, substitutability, cross-border activities, and interconnectedness. Additionally, it identifies specific circumstances in which RRP requirements should apply, such as when an insurer provides a critical function or when its failure is likely to have a material impact on the financial system and/or the real economy of the jurisdiction. This is intended to align with the requirements in the International Association of Insurance Supervisors’ Insurance Core Principles.

The guidance helps to promote consistency in application of the Key Attributes across jurisdictions, while leaving some flexibility to accommodate differences in market structures, legal frameworks, and supervisory practices. The guidance may also help authorities in determining which insurers to report to the FSB’s list of insurers subject to resolution planning standards. This list is published annually in the FSB Resolution Report and on the FSB’s website. 

Notes to editors

In 2025, the FSB reaffirmed its decision to use the International Association of Insurance Supervisors Holistic Framework assessments instead of an annual identification of global systemically important insurers (G-SIIs) and launched a consultation on draft guidance outlining key criteria for authorities to consider when determining whether an insurer should be subject to RRP requirements. Today’s final guidance reflects public feedback received on that consultation.

The FSB coordinates at the international level the work of national financial authorities and international standard-setting bodies and develops and promotes the implementation of effective regulatory, supervisory, and other financial sector policies in the interest of financial stability. It brings together national authorities responsible for financial stability in 24 countries and jurisdictions, international financial institutions, sector-specific international groupings of regulators and supervisors, and committees of central bank experts. The FSB also conducts outreach with approximately 70 other jurisdictions through its six Regional Consultative Groups.

The FSB is chaired by Andrew Bailey, Governor of the Bank of England. The FSB Secretariat is located in Basel, Switzerland and hosted by the Bank for International Settlements.