CEIOPS report on Impact of Solvency II on Supervisory Authorities

16 February 2007

CEIOPS sent to the Commission its Report on the Impact of Solvency II on Supervisory Authorities, set out in order to provide the European Commission with inputs for its impact assessment on the Solvency II project.

In essence, the results of the questionnaire give a broad overview on the efforts (to be) made by supervisory authorities and by CEIOPS. The report, after having addressed the general state of preparedness of supervisory authorities moves on to changes in the day-to-day supervision including the expected changes in the different tools used by supervisory authorities. Than in the report attention is given to the effect SII is expected to have on human resources. Finally the report describes the expected costs and benefits of SII, i.e. it gives a first impression on the costs and benefits of the new supervisory approach.

Report

© Graham Bishop