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ESRB advice to EIOPA on the criteria for identification of exceptional sector-wide shocks (Article 144 c (7))

According to the new Solvency II Directive (“Solvency II” or “the Directive”), 2 the European Insurance and Occupational Pensions Authority (EIOPA) should consult the European Systemic Risk Board (ESRB) on a draft regulatory technical standard (RTS) regarding the application of supervisory measures during exceptional sectorwide shocks.

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