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In the authority’s annual report for last year, Fausto Parente, executive director at EIOPA, said: “The year 2015 became a real quality check for EIOPA’s management and governance system.”
He noted that EIOPA’s budget was cut by 7.6% last year and said this caused the supervisory authority to carry out a “severe” re-arrangement of priorities, including the “reallocation of human resources and funds”.
It said the high turnover rate, unsuccessful recruitment campaigns and “non-acceptance of contract offers by selected candidates” were the main reason why EIOPA failed to achieve the target it had set itself for the number of certain types of staff positions it wanted filled by the end of the year (EIOPA’s ‘Establishment Plan’).
EIOPA’s budget and workload has become a contentious issue in recent years, and the authority’s annual report is peppered with references to the amount of work it has and the struggle to deliver on this with the resources made available to it.
Chairman Gabriel Bernardino said the board of supervisors “acknowledges the challenges EIOPA faces in terms of its constrained resources in the face of a demanding workload and welcomes EIOPA efforts to manage this challenging situation”.
In a section on risk management, the annual report says it is “unsustainable” for EIOPA to take on new tasks during the year in addition to those already planned.
An increasing workload without “a commensurate increase in resources” puts at risk being able to meet deadlines and quality criteria, as well as staff motivation and well-being, according to the report.