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About European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority (EIOPA) is a key financial regulatory agency within the European Union, established in 2011 as part of the European System of Financial Supervision. Here is an overview of EIOPA:
## Overview
- Role: EIOPA is responsible for supervising the insurance and occupational pensions sectors across the EU, ensuring financial stability and protecting policyholders and pension scheme members[1][3].
- Establishment: It was created in response to the financial crisis to enhance EU financial supervision[5].
- Location: EIOPA is headquartered in Frankfurt, Germany[1][3].
## Responsibilities
- Financial Stability: EIOPA works to maintain stability in the financial system by overseeing insurance and pension sectors[1][3].
- Transparency and Protection: It promotes transparency in financial markets and protects consumers by ensuring fair practices[1].
- Regulatory Standards: EIOPA develops technical standards and guidelines for the insurance and pensions industries[3].
## Governance Structure
- Board of Supervisors: This is EIOPA's main decision-making body, composed of representatives from EU member states' supervisory authorities[4].
- Leadership: The current Chair is Petra Hielkema, and the Executive Director is Fausto Parente[1].
## Reporting and Standards
- DPM and XBRL: EIOPA uses the DPM methodology and XBRL for supervisory reporting, ensuring standardized data submission from national authorities[2].
- Legal Entity Identifier (LEI): EIOPA promotes the use of LEI for identifying legal entities in financial transactions[2].
## LinkedIn Presence
EIOPA maintains a professional presence on LinkedIn, which can be accessed through its company page. However, specific details about its LinkedIn activities are not provided in the search results.
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