EIOPA's main decision-making body is the
Board of Supervisors.
Management Board ensures that EIOPA carries out its mission and performs the tasks assigned to it.
Board of Appeal gives parties right to appeal decisions of ESAs. Joint body of ESAs, independent from their administrative and regulatory structures. Composed of six members and six alternates.
Stakeholder Groups include representatives of the industry, consumers and beneficiaries as well as academics. The stakeholder groups are established to facilitate EIOPA's consultation with stakeholders in Europe.
Review Panel is mandated to help monitoring the implementation of supervisory provisions set out in Community Legislation and in EIOPA's measures, as well as to monitor convergence in supervisory practices. The Review Panel aims at encouraging a timely and consistent day to day application of all the above and at enhancing supervisory convergence within the European Economic Area by conducting peer reviews.
To prepare its statements and documents and carry out the technical work of the Authority, EIOPA has set up a number of
Working Groups (Committees, Task Forces, Panels) consisting of experts from the national supervisory authorities, and to which other stakeholders contribute from their expertise and insight. The organisation of EIOPA's Working Groups depends on and develops with its Work Programme.
EIOPA's Senior Management is composed of the Chairman and Executive Director, supported by a management team of Heads of Department and a Senior Advisor on International Affairs.
Through the Joint Committee, the EIOPA, along with the European Banking Agency (EBA) European Banking Authority (EBA), and the European Securities and Markets Authority (ESMA), collectively known as the three European Supervisory Authorities (ESAs), ensure regular and close coordination on supervisory activities within the scope of their respective responsibilities and consistency in their practices.
EIOPA's Organisational Chart
Organisational Chart PDF (149 KB)
Gabriel Bernardino, Chairman
Gabriel Bernardino is Chairman of the European Insurance and Occupational Pensions Authority (EIOPA). He is responsible for the strategic direction of EIOPA and represents the Authority at the Council of the European Union, the European Commission and the European Parliament. Mr. Bernardino prepares the work of EIOPA's Board of Supervisors and also chairs the meetings of the Board of Supervisors and the Management Board.
Mr. Bernardino is the first Chairperson of EIOPA. He was elected by the Board of Supervisors of EIOPA on 10 January, 2011. His nomination followed a pre-selection of the European Commission and was confirmed by the European Parliament after a public hearing held on 1 February, 2011. Mr. Bernardino assumed his responsibilities on 1 March, 2011 for a first five-year term. On 16 December 2015 the European Parliament confirmed the re-appointment of Mr Bernardino for a second five-year term, which started on 1 March 2016.
Prior to his current role, Mr. Bernardino was the Director General of the Directorate for Development and Institutional Relations at the Instituto de Seguros de Portugal (ISP). He has served in several positions of increasing responsibility since he joined the ISP in 1989 and represented EIOPA's preceding organisation, CEIOPS, as Chairman between October 2009 and December 2010.
Fausto Parente, Executive Director
Fausto Parente is the Executive Director of the European Insurance and Occupational Pensions Authority (EIOPA). In his role, he presides over the day-to-day management of EIOPA. Mr. Parente was elected by the Board of Supervisors of EIOPA on 28 January 2016. His nomination followed an open selection procedure and a public hearing at the European Parliament's Committee on Economic and Monetary Affairs. On 9 March 2016 the European Parliament confirmed his appointment. Mr Parente has a distinguished career in supervisory regulations and policies at national and international level. Prior to his current role he was Head of the Supervisory Regulation and Policy Directorate at the Italian Insurance Supervisor, IVASS – Istituto di Vigilanza sulle Assicurazioni.
He was the Alternate Member in EIOPA Board of Supervisors and member of the Advisory Technical Committee of the European Systemic Risk Board (ESRB). In the context of the Italian Chairmanship in the EU Council (second half of 2014), Mr Parente chaired the Council's working group on Insurance Mediation Directive negotiations. In 2011-2016 he chaired the Insurance Group Supervision Committee of EIOPA and in 2015-2016 - the Joint ESAs Committee on Financial Conglomerates. For several years he was an alternate member in the Technical and Financial Stability Committees of the International Association of Insurance Supervisors (IAIS).
Mr Parente has a degree in Economics from the University Federico II, Naples, and he is graduated to practice as a certified accountant and financial analyst. He has attended many post-graduate courses in the fields of management, European Community law, economy and finance of insurance undertakings. He is author of a series of publications on insurance supervision.