Q&A: Gabriel Bernardino on convergence and Solvency II’s interim measures
The European Insurance and Occupational Pensions Authority (Eiopa) is currently consulting on interim measures, covering areas such as risk governance and reporting, to help supervisors and firms prepare for Solvency II. Eiopa chairman Gabriel Bernardino explains why the guidelines are necessary and how they will help to foster convergence
Insurance Risk: Why are the interim guidelines necessary?
Gabriel Bernardino, Eiopa: We are in a situation where we are moving closer to the date of implementation of Solvency II. We all know we have final decisions that need to be taken at a political level later this year, mostly on elements relating to Pillar I. What we see is that the preparation for Solvency II is starting to evolve in the different countries in Europe. If there is not a consistent way of doing this we may find, when we
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