EIOPA advice to the European Commission on equivalence

On 26 October 2011, the European Insurance and Occupational Pensions Authority (EIOPA) published its final reports on the equivalence assessment of the Bermudan, Japanese and Swiss supervisory systems. These reports end a 10-month assessment and consultation in relation to the supervisory regimes.

This update provides a summary of the content of these reports, setting out the implication of EIOPA’s advice for equivalence of the supervisory regimes in the three territories.