Today, the European Insurance and Occupational Pensions Authority (EIOPA) and the World Bank signed another operational Memorandum of Understanding (Memorandum), replacing the Memorandum signed in 2013.
The Memorandum's objectives are to contribute to the process of promoting a more risk-based regulatory and supervisory framework, and in this respect to the dissemination of knowledge and policy experiences, to foster efficient and effective supervision, to promote consumer protection, financial literacy and education initiatives by competent authorities and to contribute to financial stability and identification of systemic risk.
In their collaboration, EIOPA and the World Bank will pursue joint actions such as sharing knowledge, ideas, best practice and lessons learned on common matters, sharing materials, information data and analytical tools, providing support to relevant stakeholders and facilitating the organisation of seminars, workshops and conferences.
- Publication date
- 15 June 2017