Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

13 September 2021

EIOPA: Criteria for the independence of supervisory authorities


The independence of supervisory authorities is crucial for the legitimacy and credibility of the supervisory process.

 For public bodies, independence and good governance are necessary to avoid possible conflicts of interest and to reduce the likelihood of undue external influence on supervisory decisions.

The criteria provide clarity for supervisory authorities on EIOPA’s expectations. Taking on board the relevant articles in the Solvency II and IORP II Directive, international standards and supervisory experiences, they specify further the principles of operational, financial and personal independence as well as transparency and accountability.


EIOPA



© EIOPA


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment