Don’t transfer or merge EIOPA’s powers, says Insurance Europe

Insurance Europe has said that transferring some responsibilities away from the European Insurance and Occupational Pensions Authority (EIOPA), or merging it with another of the European supervisory authorities (ESAs), would reduce the effectiveness of consumer protection and prudential oversight. Having said that, the European re/insurance federation said there was no need, at this stage, to give EIOPA further powers. A…

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