The European Insurance and Occupational Pensions Authority (EIOPA) is the authority responsible for prudential supervision in the insurance and pensions sector in Europe. EIOPA is part of the European System of Financial Supervisors and is based in Frankfurt. DNB is a member of the Board of Supervisors, EIOPA’s principal decision-making body.
EIOPA has the following main tasks:
EIOPA has powers to propose binding technical standards. The European Commission can subsequently endorse these standards, possibly after amending them. After endorsement, the standards are immediately applicable and do not have to be implemented nationally.
EIOPA only conducts prudential supervision in the insurance and pensions sector. The European supervisory authorities in other sectors are the European Securities and Markets Authority (ESMA) for the securities sector and the European Banking Authority (EBA) for the banking sector.
On Tuesday 5th November from 3:00-4:45 PM CET DNB will organize a physical information session about fit and proper assessments.
Read more Information session about fit and proper assessments DNB
From 25 November 2024, Jochem Dijckmeester will succeed Cindy van Oorschot as Divisional Director of Pension Supervision at DNB.
Read more Jochem Dijckmeester appointed Divisional Director of Pension Supervision
Embedded finance offers customers the convenience of in-app payment options and on-the-spot insurance. This seamless integration of financial services, available exactly when and where they are needed, makes life simpler. But this innovation also entails new risks.
Read more Embedded finance: striking a balance between convenience and risk in the digital economy
Liability-Driven Investment funds (LDI funds) mainly invest in long-term government bonds and long-term interest rate derivatives. The use of these interest rate derivatives exposes LDI funds to liquidity risks in case of large interest rate fluctuations.
Read more Limited liquidity risks in Euro LDI funds
