The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) and the Swiss Financial Market Supervisory Authority (FINMA) have agreed to enhance supervisory cooperation.

CEIOPS members have agreed to fully recognise FINMA as a legal successor of the former Swiss Federal Office of Private Insurance.

CEIOPS members have also concluded that the Swiss supervisory regime of reinsurance undertakings achieves in an equivalent manner the key supervisory principles and objectives encapsulated in the Reinsurance Directive.

View CEIOPS and Swiss Financial Market Supervisory Authority agree to further enhance supervisory cooperation, 1 February 2010