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Keeping the European Parliament 'in the dark' about EIOPA

In “Economy and Society” Max Weber wrote, “bureaucracy naturally welcomes a poorly informed and hence a powerless parliament at least in so far as ignorance somehow agrees with the bureaucracy s interests” - write Dick Roche. For the best part of a year, the actions of the EU Commission and EIOPA demonstrate that one hundred years after […] ....

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Preaching transparency but not practicing it

Preaching transparency but not practicing it
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Europe's 'Gold Standard' Insurance Regulation Badly Tarnished

Solvency II, the prudential regime for insurance and reinsurance undertakings in the EU is portrayed as a global ‘gold standard’. An extraordinary case involving the Romanian Financial Supervisory Authority, ASF, and the insurance operator, Euroins Romania which has played out since the beginning of this year badly tarnishes the ‘gold standard’ claim – writes Dick […] ....

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MEP asks investigation over 'takeover' of Bulgarian insurer – EURACTIV.com

MEP Lars Patrick Berg (Germany, ECR) told EURACTIV in an interview that he finds disturbing the silence from the EU Commission and the European regulator following the revoking of the license of the biggest car insurer in Romania and stressed that he would ask for a full investigation over the case. ....

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Fitch downgrades Euroins Romania to 'CC'

Fitch Ratings has downgraded Euroins Romania Asigurare-Reasigurare S.A. s (Euroins Romania) Insurer Financial Strength Rating (IFS) to CC from B+ and placed. ....

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