Regulation of the EU insurance market. Impact of the lamfalussy structure on EU insurance acts

• Authors: Kunertová Tereza
• Languages of publication: EN

Abstracts

EN

Financial services represent a highly regulated area under the law of the European Union. Insurance industry is not an exception. Day by day Member States, insurers and as a consequence consumers as well, have to deal with an avalanche of coming bylaws harmonising extensively fragmented market within Europe. The article focuses on the so-called Lamfalussy structure which was supposed to help with the adoption and implementation of the legislative bulk. Subsequent years following its development have shown that Lamfalussy structure has certain gaps and huge manoeuvre for improvement. Thus, the author refers to few particular problematic aspects thereof and tries to provide a reader with an insight how the intricate and fascinating EU (non)legislative process really works in practice. The recently adopted legislative acts in the field of insurance distribution and the pursuit of insurance business as such serve as good examples.

Keywords

EN

law; EU; legislative process; Lamfalussy; insurance industry; distribution; PRIIPs; Solvency II

CS

právo

Discipline

• LAW_&_ADMINISTRATION: LAW & ADMINISTRATION

• Publisher: Institute of State and Law, Czech Academy of Sciences
• Journal: The Lawyer Quarterly
• Year: 2017
• Volume: 7
• Issue: 2
• Pages: 119-126
• Document type: ARTICLE

Contributors

author

Kunertová Tereza

• The Lawyer Quarterly, redakce, Ústav státu a práva AV ČR, v.v.i., Národní 18, 116 00 Praha 1, Czech Republic