On 7 July 2015, EIOPA published a speech (given on 24 June 2015) by its Chairman on the challenges of group supervision.  In particular, the speech focused on equivalence under Solvency II.  Key points highlighted included that such equivalence promotes open international insurance markets whilst at the same time protecting the interests of policyholders. The speech also notes other international risk-based regulation initiatives, including the work of the IAIS in relation to international capital standards.