Mr. Montalvo has a distinguished career in public services. Currently, he is
Acting Secretary General of EIOPA. Since 1 November 2007 he has been Secretary
General of CEIOPS, the Committee of European Insurance and Occupational Pensions
Supervisors. Previously, Mr. Montalvo was an insurance supervisor for the Dirección
General de Seguros y Pensiones (DGSFP), the Spanish insurance and pensions supervisory
authority. There he headed the International Area of the Supervisory Department
and coordinated insurance groups and financial conglomerates related issues.
Carlos Montalvo, Executive Director-elect of EIOPA said: “I am grateful that
EIOPA’s Board of Supervisors decided to put me in charge of EIOPA’s management
and hope that the European Parliament will confirm my nomination. Together with
our Chairman, Gabriel Bernardino, I will work hard to build EIOPA as a European
independent and transparent supervisory authority. Independence and transparency
are not only defined in EIOPA’s Regulation but also necessary conditions to meet
our mandate on behalf of Europe’s citizens.
The confirmation of the Executive Director completes the top management of EIOPA.
In January, the Board of Supervisors of EIOPA selected Gabriel Bernardino as first
Chairman and Victor Rod as Vice-Chairman. Mr. Bernardino’s appointment was confirmed
by the European Parliament in February. He will take office on 1 March, 2011.
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Note to Editors:
The European Insurance and Occupational Pensions Authority (EIOPA) was established in consequence of the reforms to the structure of supervision
of the financial sector in the European Union. The reform was initiated by the
European Commission, following the recommendations of a Committee of Wise Men,
chaired by Mr. de Larosiere, and supported by the European Council and Parliament.
EIOPA is part of the European System of Financial Supervision consisting of three
European Supervisory Authorities and the European Systemic Risk Board. It is an
independent advisory body to the European Parliament, the Council of the European
Union and the European Commission.
EIOPA’s core responsibilities are to support the stability of the financial system,
transparency of markets and financial products as well as the protection of insurance
policyholders, pension scheme members and beneficiaries.