16 December 2014 – The European Insurance and Occupational Pensions Authority (EIOPA) published today its report on financial stability in relation to the (re)insurance and occupational pension fund sectors in the European Economic Area.
The PFSA presents on the website: Banking sector - ordinary data 10/2014
Report provides an overview of the evolution of consumer behaviour in the insurance and pensions markets in terms of consumer detriment, mainly from the perspective of National Supervisory Authorities, insofar as such trends are significant in their impact or novelty.
Link to document.
The European Commission asked EIOPA for its advice on completing new rules on the intervention powers of national supervisors and EIOPA. This is about powers and procedures for temporarily prohibiting or restricting the marketing, distribution and sale of specific insurance-based investment products. Bans should happen only if serious concerns exist regarding investor protection, orderly functioning and integrity of financial markets, or the stability of the whole or part of the financial system.
Consulting all stakeholders on this matter is the next step in preparing the Commission. The consultation ends 27 February 2015.
Click here to read the Consultation paper.