CEIOPS chairman quits, calling for power separation clause
Henrik Bjerre-Nielsen, the outgoing chairman of the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS), is hopeful that there will be a clause inserted into the forthcoming Solvency II directive, which will offer legal distinction between the powers of supervisors and governments.
"Supervisors should not be subject to political instruction," Bjerre-Nielsen asserted. "Even if there is a degree of political influence, it should not be too great and governments should be
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