On 14 June 2013, the European Insurance and Occupational Pensions Authority (EIOPA) published its technical findings on its long-term guarantees assessment (LTGA) for the purpose of Solvency II. The LTGA examined six LTG measures aimed at ensuring an appropriate supervisory treatment of long-term guarantee products under Solvency II, including under volatile market conditions. EIOPA supports certain components of the LTG Package (including (a) extrapolation, (b) classical matching adjustment, (c) transitional measures and (d) extension of recovery periods), subject to certain adjustments to incentivise sound risk management. However, EIOPA advised against proposals for (a) extended matching adjustment and (b) counter-cyclical premium (recommending its replacement with a predictable volatility adjustment mechanism, the 'volatility balancer').