EIOPA Work Programme 2013 - EIOPA - Europa

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5. Common Supervisory Culture The Regulation stresses the importance of a common supervisory culture in the European Union. EIOPA is ready to play an active role in building a common supervisory culture and consistent supervisory practices, as well as ensuring uniform procedures and consistent approaches throughout the Union. 5.1. Training and Personnel Exchanges EIOPA promotes a common supervisory culture through establishing both sectoral and cross sectoral training programmes. These seminars are mainly targeted at European insurance and occupational pensions supervisors. Beyond this, EIOPA also organises a number of selected public events such as EIOPA Conference and joint training for supervisors and industry representatives, to get better mutual understanding on the different areas of interest of EIOPA. The topics covered in training align with the work developed by EIOPA, with Solvency II currently being one of the main drivers, together with Financial Stability, Occupational Pensions, Consumer Protection and Convergence of Supervisory Practices. The focus in Solvency II will move from regulation towards supervision. The aim of the Solvency II trainings in 2013 is to target operational supervisors and to better prepare them for consistent and efficient supervision under Solvency II, by introducing a practical approach as the preferred methodology of training. Several seminars will be hosted again by national authorities. The commitment and cooperation of the competent authorities and EIOPA staff is essential for the success of the trainings, contributing to the convergence of supervisory practices across Europe. EIOPA facilitates personnel exchanges and encourages competent authorities to intensify the use of secondment schemes. 5.2. Peer Reviews The peer review process has a central role in strengthening the consistency and quality of supervisory practices and outcomes. EIOPA conducts regular thematic peer reviews across all its members, encouraging open dialogue among peers and steering convergent behaviour. Therefore it sees important opportunities for 16/65 © EIOPA 2012
peer review projects which encourage collective and collaborative approaches by EIOPA members, in dealing with the supervisory issues currently confronted. The added value of EIOPA peer reviews is driven largely by the Europe wide perspective brought by its members, which allows to exchange experience, clarify practices, achieve common understanding, and the ultimately identification of good practices with view of ensuring a common supervisory culture. The peer reviews are based on the interaction among the EIOPA Review Panel and the teams of reviewers with the heads of national supervisory authorities. This interaction includes communication through various reports and communication means, as meetings, telephone conferences, etc. The peer reviews are conducted according to a methodology adopted by EIOPA. The responsibility for approving the EIOPA peer reviews final reports lies with the Board of Supervisors, as the highest decision making body of the Authority. In the first quarter of 2013 the Review Panel will finalise the work on the peer review project on supervisory practices for IORPs. In addition to that, in 2013 EIOPA plans to launch 3 new peer reviews related to the IORPs (art. 9 of the IORP Directive), the operations of Colleges, and the supervisory practices for the application of the guidelines on complaints handling. 5.3. Mediation EIOPA’s Mediation Panel has been set up in 2012. It is composed of 2 members and 4 substitutes appointed by the Board of Supervisors. The Panel is competent for settling disagreements between competent authorities in cross border situations by way of binding and non binding mediation 2 . The Panel operates on the request of a competent authority which is a party to the disagreement or on EIOPA’s own initiative. In a first conciliation phase the Panel seeks to reach an agreement between the parties. If this fails, the Panel can propose a binding decision for the cases specified in the acts referred to in article 1(2) of the EIOPA Regulation, or an opinion under Article 29(1)(a) of the Regulation. 2 Detailed processing rules have been developed in the Panel’s Rules of procedure and its supplementary internal rules 17/65 © EIOPA 2012
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