Mechanizm nadzoru nad grupą ubezpieczeniową w nowych regulacjach unijnych
Mechanism of insurance group supervision in new EU regulations

Summary/Abstract: The new architecture of financial supervision subject to Solvency II is formed on three levels. The first level is made up of the framework directive (Solvency II with its amendments), the second level of delegated acts and the third level of binding technical standards as well as guidelines. The Solvency II Directive regulates all basic issues related to the functioning of group supervision and the college of supervisors. Specific questions regarding group supervision and the functioning of the college shall be governed by the guidelines and binding technical standards. The analysis of accepted regulations indicates that the role of the European Commission, granted the power to adopt delegated acts and regulatory technical standards, has increased significantly. The key role has been assigned to the group supervisor. This, however, may lead to a situation where the competent state authority which is a supervisor of a group of dependent entities will have limited powers in the decision-making process at the group level. Therefore, it will be difficult to find a balance in the process of supervision between home and host states.

• Details
• Contents