In his speech at EIOPA's third annual conference, Gabriel Bernardino, EIOPA's chairperson, has reviewed this year's progress on Solvency 2. Commenting on the International Association of Insurance Supervisors (IAIS) announcement that it will develop an international capital standard in the insurance area, he said that the objective should be to ensure that Solvency 2, with the required adjustments, is deemed compliant with it. (Source: EIOPA. Building a Credible and Respected Supervisory Authority)