Commissioner Hill has spoken about a plan for approaching resolution for non-bank systemically important financial institutions like CCPs, insurers and asset managers. He suggests that for CCPs the sensible way to proceed is to align work on this with the G20 agenda and announced the intention to table a proposal for an effective recovery and resolution regime for clearing houses towards the end of the year. For insurers and asset managers, new legislation will be needed but in principle there should be a consistent approach. (Source: Commission Approaches Resolution for Non-Banks)