On 3 June 2013, EIOPA published the transcript of an interview given by its Chairman, in which he stated that 2013 would be a crucial year for Solvency II. Mr Bernardino confirmed that he was confident that EIOPA's LTGA would provide a solid platform for moving forward with that aspect of Solvency II. Other points highlighted included that the purpose of the proposed EIOPA guidelines published last month on aspects of Solvency II was to prepare supervisors and undertakings for implementation in a consistent manner, but that the Guidelines would be proportionate during the transitional phase. Interestingly, he also remarked that EIOPA would undertake a further exercise to measure the risks arising from the current low interest rate environment.