Committee of the European Supervisory Authorities for Insurance and Occupational Pensions
The European Insurance and Occupational Pensions Authority (Committee of European Insurance and Occupational Pensions Supervisors, CEIOPS) was a level 3 committee of the European Union within the Lamfalussy procedure . It was founded in accordance with a decision of the European Commission on November 5, 2003. It was an independent committee made up of high-ranking representatives of the national supervisory authorities for the insurance and occupational pension sectors, based in Frankfurt am Main . The committee began its work in January 2004. With European Commission decision of 23 January 2009 on the establishment of a European System of Financial CEIOPS is with effect from 1 January 2011 in the European Supervisory Authority Insurance and Occupational Pensions (European Insurance and Occupational Pensions Authority, EIOPA) worked.
Task and composition
It was the task of the committee, the cooperation of the national insurance supervisory authorities and in the context of the Lamfalussy process Pensions Supervisors (in the case of Germany and the pension funds ) to promote and monitor the uniform implementation of directives of the European Community . Representatives from countries of the European Economic Area belonged to CEIOPS as observers.
One of the main tasks of CEIOPS was the reform of European insurance supervisory law through the Solvency II project .
Until 2009, CEIOPS was chaired by the German Thomas Steffen , Executive Director Insurance and Pension Fund Supervision of the Federal Financial Supervisory Authority (BaFin). He was replaced by the Portuguese Gabriel Bernardino .