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EIOPA – Building a European supervisory culture

The importance of the new super regulator, the European Insurance and Occupational Pensions Authority (EIOPA), is not widely understood in the UK.  Gabriel Bernardino, Chairman, EIOPA, gives his view of what is involved in building a European supervisory culture. 

He sets out his organization's mission, vision and values and the experience and lessons learnt to date while working to improve regulation, oversight, consumer protection, financial stability and international relations.  He concludes by outlining the main challenges ahead. 

Facing mounting criticism about the cost to industry of implementing Solvency II, the EIOPA Chairman was keen to emphasize the importance of protecting the public interest.  He went on to suggest that EIOPA would also be looking at promoting best professional education and practice across Europe and was likely to liaising with the CII in this respect.

This is a companion lecture to the talk given by Karel van Hulle, (Head, Insurance & Pensions, European Commission) 8 March 2012 on Insurance Regulatory developments in the EU.  The Bernardino and van Hulle lectures are both subjects of CII 'Thinkpieces' which can be downloaded from CII Knowledge Services.

Lecture - download audio

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