Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-222"
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"en.20100922.20.3-222"2
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The European Insurance and Occupational Pensions Authority (EIOPA) will have responsibility for dealing with a number of practical issues, such as non-life insurance policies and life insurance policies which provide a form of investment and occupational pensions. If we bear in mind that the insurance market in new Member States has been developed by foreign European investors, the supervisory committee for such cross-border networks will play a vital role in being able to offer security to all Member State citizens. The European Insurance and Occupational Pensions Authority will also be able to intervene at national supervisory authority level when these authorities encounter problems in implementing the EU technical standards consistently.
I believe that this initiative, together with the EIOPA’s power to resolve disagreements between national supervisory authorities, where the legislation forces them to cooperate or reach an agreement, marks a step forward in managing the integration of financial services in Europe. In a nutshell, this is a balanced system which deserves total support."@en1
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