Aggregated News From Investment Management Regulators

ESA’s Joint Board of Appeal dismissed appeal by Societatea de Asigurare-Reasigurare City Insurance SA against the European Insurance and Occupational Pensions Authority

Report/Flag

Please complete the required fields.



The Joint Board of Appeal of the European Supervisory Authorities (ESAs – European Banking Authority, European Insurance and Occupational Pensions Authority, and European Securities and Markets Authority) unanimously decided that the appeal brought by Societatea de Asigurare-Reasigurare City Insurance SA against the European Insurance and Occupational Pensions Authority (EIOPA) is inadmissible. The appeal was brought in relation to a balance sheet review (BSR) exercise of the Romanian insurance sector that is carried out by the Autoritatea de Supraveghere Financiară with the support of EIOPA.

Central to this appeal is the question if, and to what extent the appellant can challenge EIOPA’s role and its involvement in the Romanian BSR exercise via an appeal under Article 60 of the EIOPA Regulation. After careful consideration, the Board of Appeal unanimously decided that the appeal is inadmissible.

This news item was originally published by the European Banking Authority (EBA). For more information, please see the Source Link.

Regulator Information

Regulator Name: European Banking Authority
Abbreviation: EBA
Jurisdiction: Supranational

Recent Articles

SEC Charges S&P Dow Jones Indices for Failures Relating to Volatility-Related Index

The Securities and Exchange Commission today announced settled charges against S&P Dow Jones Indices LLC for failures relating to a previously undisclosed quality control feature of one of its volati

Mannet Capital Management (clone of former PSD Agent)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out...

Verge Capital (Clone of EEA authorised firm)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out...

Capital Finance Strategies Ltd (clone of FCA Authorised firm)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out...

Federal Reserve Board announces the third extension of a rule to bolster the effectiveness of the Small Business Administration’s Paycheck Protection Program (PPP)

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.

Get the latest from Regulatory.News in your inbox!

×