CEIOPS published its Guidelines on information exchange between lead supervisors and other competent authorities within coordination committees and its Report on the functioning of the coordination committees.
The Guidelines define a common list of items of information that are essential to be exchanged within each supervisory network. CEIOPS seeks to evolve one commonly-agreed Risk Assessment System for insurance groups. Before the introduction of Solvency II, CEIOPS will examine the possibilities of feasible improvements in supervisory requirements and practices in reporting intra-group transactions.
The Report underlines substantial improvement since 2004. The contacts between
Coordination Committee Members have been intensified, many more Coordination
Committee meetings have been held, the contacts on a day-to-day basis have increased and supervisors in different Member States have arranged several and diverse joint activities, both off-site and on-site.
Report on the Functioning of the Coordination Committees
Guidelines on Information Exchange
© Graham Bishop
Hover over the blue highlighted
text to view the acronym meaning
over these icons for more information
No Comments for this Article