The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) decided yesterday on a shortlist of three candidates for the position of Chairperson of EIOPA, ensuring gender representation.
The shortlist has been submitted to the European Parliament’s Committee on Economic and Monetary Affairs and the Council. The short-listed candidates in alphabetical order are:
- Paolo Cadoni, Head of Division, Prudential Policy Directorate at the Prudential Regulation Authority, Bank of England
- Petra Hielkema, Director Insurance Supervision at De Nederlandsche Bank
- Christian Thimann, CEO Athora Germany
Based on the shortlist, the Council shall adopt a decision to appoint the Chairperson, after confirmation by the European Parliament.
EIOPA is an independent advisory body to the European Commission, the European Parliament and the Council of the European Union.
The authority is one of the EU agencies carrying out specific legal, technical or scientific tasks and giving evidence-based advice. In this way, EIOPA is to help shape informed policies and laws at EU and national levels. EIOPA is one of three European Supervisory Authorities. The other two are the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA).
According to EIOPA Regulation, the Chairperson’s term of office shall be 5 years and may be extended once. The Chairperson shall be selected on the basis of merit, skills, knowledge of financial institutions and markets, and of experience relevant to financial supervision and regulation.