On 17 October 2012, the International Association of Insurance Supervisors (IAIS) published a consultation on proposed policy measures for increased regulation of systematically important (re)insurers. These envisage that such (re)insurers will be subject to increased supervision, required to meet more stringent capital requirements and obliged to have crisis management and recovery procedures in place. Comments are invited by 16 December 2012. In a related step, on 5 October 2012, the European Commission issued a consultation paper on a recovery and resolution framework for financial institutions other than banks (which would include (re)insurers). This also suggests preventative and resolution measures for (re)insurers whose failures could threaten financial stability. Amongst other matters, the consultation requests feedback on what the appropriate ‘resolution triggers’ might be when a firm is (likely to be) no longer viable. It also requests feedback on possible recovery and resolution tools (e.g. ranging from run-off to compulsory liquidation), plans and powers which should be provided for in that regard. Comments are invited by 28 December 2012.