On 20 March 2015, EIOPA published a report (dated 17 December 2014) describing the progress made during 2014 by national supervisors and EIOPA in relation to pre-application of internal models. According to the report, the vast majority of recommendations made by national supervisors as part of EIOPA's peer review process have been actioned. Those remaining are planned to be implemented by 2015. The report concludes that national supervisors' approaches concerning the pre-application process are converging following the peer reviews:- (thereby mitigating risks of supervisory arbitrage).