The finishing line is in sight for the Solvency II directive says Ceiops chair, but issues remain

Gabriel Bernardino has taken over as chairman of Ceiops at a crucial time. Not only is the Solvency II directive at a key stage in its development, but the prospect of the organisation’s dissolution and replacement by the European Insurance and Occupational Pensions Authority looms large.

Life & Pensions: As part of the reform of the European Union’s regulatory system, the European Insurance and Pensions Authority (Eiopa) will be established next year – how does that affect Ceiops’ current role and activities?

Gabriel Bernardino: The new managing board of Ceiops was elected in October and, in principle, its term will last two years. But in practice, the amount of time the board spends in its role will be dictated by when Eiopa comes in. If it comes into force on January 1, 2011