Role: EIOPA is the European supervisory authority for occupational pensions and insurance
Chair: Gabriel Bernardino
Executive Director: Fausto Parente
Members: Representatives of national insurance and occupational pensions authorities
Established in: 2011
Number of staff: 140
Location: Frankfurt am Main (Germany)
EIOPA is part of the European System of Financial Supervision. It is an independent body providing advice to the European Commission, the European Parliament and the Council of the European Union.
EIOPA is responsible for:
The European System of Financial Supervision comprises:
It links financial oversight at systemic and firm level. This leaves day-to-day supervision to the national authorities.
EIOPA’s management structure includes:
The Joint Committee of European Supervisory Authorities coordinates the activities of the European Supervisory Agencies (ESAs) and their policies on financial conglomerates and other cross-sectoral issues.
EIOPA’s Board of Appeal gives parties the right to appeal against decisions taken by ESAs. It is a joint body of ESAs that is independent of their administrative and regulatory structures. The Board has 6 members and 6 stand-ins.
EIOPA works with experts from national competent authorities in committees, task forces and panels in the following areas:
The outcome of this work is approved by the Board of Supervisors.