Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-945"
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"en.20100922.20.3-945"2
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"The creation of the European Insurance and Occupational Pensions Authority (EIOPA) is part of the Commission's proposals based on the recommendations of the Larosière Report of February 2009. The Larosière Report suggested the strengthening of the supervisory framework in order to reduce the risk and severity of future financial crises. I welcome the creation of the EIOPA as a European response to ensure a high, effective and consistent level of regulation and supervision throughout Europe. This European-wide authority will supervise the national supervisory authorities of the insurance sector and will ensure the existence of appropriate and adequate protection for investors and insured consumers in the EU. The Authority will make decisions directly applicable to financial institutions and it may alert the Commission to dangerous products or market transactions."@en1
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