EIOPA publishes its Annual Report 2013

The European Insurance and Occupational Pensions Authority (EIOPA)
published today its Annual Report 2013.

2013 has marked the third year since the establishment of the European
System of Financial Supervision (ESFS) and the foundation of EIOPA as part
of this System. EIOPA continued to develop its role and profile within the
European supervisory landscape. The Annual Report 2013 sets out EIOPA's
main achievements of meeting its strategic objectives related to the
enhanced consumer protection; development of sound regulation; improved
supervision; and timely identification and management of risks to
financial stability. The publication also describes the work EIOPA has
undertaken to ensure efficiency and effectiveness of its operation.

Gabriel Bernardino, Chairman of EIOPA, stated: "In all the major areas of
our work we delivered important milestones during 2013. In our daily
business we adhered to the corporate values of EIOPA. We acted
independently and objectively. Our advices and reports were based on in
depth analysis and research and benefited from transparent public
consultation processes and specific discussions and input from our two
stakeholder groups. Accountability and transparency have been the
cornerstones of our relations with the external world".

Carlos Montalvo, Executive Director of EIOPA, emphasised: "Going forward,
three years since the ESFS's creation, the time for reviewing the System
is approaching. I therefore call upon the EU public institutions to seize
this opportunity to make the operation of the ESFS more dynamic and
efficient. EIOPA has proved to be successful, but we have much greater
potential. The chance to improve the ESFS is one not to be missed!"

The full text of the Annual Report 2013 is available here
(Link:
https://eiopa.europa.eu/publications/annual-reports/index.html )



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