Risk.net

Ceiops members approve financial crisis guidelines

Daily news headlines

FRANKFURT - The Committee of European Insurance and Occupational Pensions Supervisors (Ceiops) has released its guidelines approved by its member supervisors for dealing with a financial crisis.

The document, entitled Guidelines on preparation for and management of a financial crisis complement existing guidelines for co-ordination committees and are aimed at furthering co-ordination between national supervisors, laid out by a 2008 memorandum of understanding on cross-border financial stability.

Ceiops has agreed on 37 points for supervisors to manage and prepare for financial crises. Ceiops - one of the level 3 committees - is currently mandated to encourage information sharing between supervisors through supervisory colleges.

Under proposals laid out in February's Larosiere report Ceiops could be developed into a European Insurance Authority capable of European Union-level supervision.

The guidelines are viewable here.

  • LinkedIn  
  • Save this article
  • Print this page  

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: