Friday, July 06, 2007
Mediation mechanism for supervisors
CEIOPS invites comments on its Consultation paper to establish a non-binding mediation mechanism available to supervisory authorities under the directives within the Committee's purview. The mechanism is proposed to work with an accept or explain approach, thus forstering transparency. However, the issue that might be considered to be most in need of mediation (i.e. different funding requirements in Belgium and the Netherlands) appears not to fall within the scope of the mechanism.