Article 27 Crisis prevention, management and resolution
The Authority may be requested by the Commission to contribute to the assessment referred to in Article 242 of Directive 2009/138/EC, in particular as regards the cooperation of supervisory authorities within, and functionality of, colleges of supervisors; the supervisory practices concerning setting the capital add-ons; the assessment of the benefit of enhancing group supervision and capital management within a group of insurance or reinsurance undertakings, including possible measures to enhance a sound cross-border management of insurance groups, in particular in respect of risks and asset management; and may report on any new developments and progress concerning:
(a) a harmonised framework for early intervention;
(b) practices in centralised group risk management and functioning of group internal models including stress testing;
(c) intra-group transactions and risk concentrations;
(d) the behaviour of diversification and concentration effects over time;
(e) a harmonised framework for asset transferability, insolvency and winding-up procedures which eliminates the relevant national company or corporate law barriers to asset transferability;
(f) an equivalent level of protection of policy holders and beneficiaries of the undertakings of the same group, particularly in crisis situations;
(g) a harmonised and adequately funded Union-wide solution for insurance guarantee schemes.