The development of the common supervisory culture was a key theme at the EIOPA 7th Annual conference in Frankfurt. Participants confirmed that common regulation is established by EIOPA with the Solvency II regime, and the next step would be common supervision across jurisdictions.
EIOPA shared its views about convergence in the brochure “A Common Supervisory Culture“. Gabriel Bernardino started the annual conference with sharing his views on the implementation of common supervision and working together with NSA’s. Followed by an introduction of the two other themes; innovation and PEPP.
Common supervision does NOT mean one-size fits all.