Insurers oppose Eiopa power grab
A new European supervisor would be ‘unpleasant’ for the insurance industry
Insurers are opposing calls to grant new regulatory powers to the European Insurance and Occupational Pensions Authority (Eiopa).
European insurers and trade bodies fear that promoting Eiopa to a de facto insurance regulator status would infringe on the national sovereignty of member states and lead to regulations that fail to take account of the regional differences between insurance markets.
Eiopa has called for additional supervisory and regulatory powers in response to a European Commission
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