The European Insurance and Occupational Pensions authority has appointed Fausto Parente as its second executive director.
Parente has a distinguished career in supervisory regulations and policies at national and international level.
He is currently head of the supervisory regulation and policy directorate of Istituto di Vigilanza sulle Assicurazioni (IVASS).
The selection of Parente follows an open selection procedure, where applicants were assessed according to their managerial and leadership experience as well as merit, skills and expertise relevant to financial supervision and regulation.
The executive director of EIOPA is a full-time professional who is in charge of the day-to-day management of EIOPA and of implementation of its annual and multi-annual work programmes. The term of office is five years and can be extended once.
Parente’s appointment is subject to confirmation by the European Parliament.
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