Launched in January 2011, EIOPA – together with the European Banking Authority
(EBA), the European Securities and Market Authority (ESMA) and the European Systemic
Risk Board (ESRB) – is considered as an institution that represents the basic
pillar of the new European supervisory structure. Its responsibilities are the
appropriate regulation and supervision of risk assessment associated with insurance,
re-insurance and occupational pension activities and to promote the protection
of policyholders.
EIOPA also contributes to improving the functioning of the EU internal market
by reasonable and efficient regulation and supervision. Its task is to support
the integrity, transparency, effectiveness and regular operation of the financial
markets. This authority is responsible for preventing regulatory discrepancies,
promoting equal competitive conditions, strengthening consumer protection and
for identifying and highlighting in due time risks jeopardising the stability
of the markets or of the financial system within the European Union.
Budapest, 28 February 2011
Hungarian Financial Supervisory Authority
Further information to the press:
István Binder spokesman, HFSA (Hungarian abbreviation: PSZÁF)
Telephone: 489-9235
e-mail: sajto@pszaf.hu
www.pszaf.hu