On 4 January 2016, EIOPA issued a press release on its launch of a new section of its website titled 'Solvency II – going live'.  This aims to explain the benefits of the new regime to the public.  In the press release, EIOPA states that the new regime will enable the sector to withstand unforeseen shocks, protect consumers through good governance and risk management and enable supervisors to react in a timely manner (assisted by harmonised reporting and disclosure rules).