16 August 2017

44975

Retired Member

2,735Posts 9,696,468Views 2,824Comments
Finextra community

Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.

EIOPA chair calls for extended powers of inquiry

06 May 2014  |  1568 views  |  0

The Chairman of the European Insurance and Occupational Pensions Authority (EIOPA), has given a speech on “The road to a true single market in financial services”.  In respect of the challenges for cross-border business and promoting convergence in EU supervisory practices he called on Member States to ensure that their supervisory authorities are provided with the necessary means  to achieve their supervisory objectives.  He explained that, going forward, EIOPA would review the convergence of supervisory practices and confirm that supervisors were achieving high quality supervisory outcomes.  He advocated that the current power of EIOPA to conduct an inquiry into a particular type of financial institution, type of product, or type of conduct, should be extended and used more generally to support the independent assessment of supervisory practices.

Related link:

https://eiopa.europa.eu/fileadmin/tx_dam/files/Press-Room/speeches/2014-04-10_AILO_2014_Conference.pdf

Comments: (0)

Comment on this story (membership required)

Retired's profile

job title
location
member since 2014
Summary profile See full profile »

Retired's expertise

Member since 2009
2704 posts2,824 comments
What Retired reads

Who's commenting on Retired's posts

Ketharaman Swaminathan
Francis Chlarie
Raymond Lee
Deepthi Rajan
Melvin Haskins
João Bohner
Bob Lyddon
Urs Meier
Steven Hatton
Ahmed Saleh
Barclays Loans Service