At EIOPA’s second annual conference, Gabriel Bernardino, EIOPA’s Chairman, said:

  • a clear and credible timetable is needed for Solvency 2. Although the implementation date may not be earlier than 2016, EIOPA may incorporate in the supervisory process elements from Pillars 2 and 3 sooner;
  • the idea of a "passportable" EU retirement savings product should be explored;
  • EIOPA should have powers to ban or restrict financial activities and products; and
  • EIOPA’s mandate should include personal pensions.

(Source: Introductory Statement by Gabriel Bernardino)