Mariana Kühnel, Executive Director of the Austrian Financial Market Authority (FMA), is Austria’s new representative on the Board of Supervisors (BoS) of the European Insurance and Occupational Pensions Authority (EIOPA). Kühnel succeeds Peter Braumüller, Managing Director of the FMA’s Insurance Supervision Division, who has been a member of the BoS since EIOPA was founded in 2011. Braumüller is retiring later this year.
“Effective European supervision requires close cooperation between the national authorities and EIOPA”, remarked Mariana Kühnel. “The FMA has always actively contributed its expertise, a tradition l look forward to upholding in my new role.” Currently there is a particular focus on the issue of simplification and increased efficiency, as Kühnel commented: “It is currently a key objective, both for the FMA and EIOPA, to conduct supervision more efficiently: reporting obligations should concentrate on what is important, avoiding unnecessary reporting duplications, and using data more intelligently. This relieves the burden for supervised entities while also enhancing modern risk-based supervision.”
As one of the three European Supervisory Authorities, along with the European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA), EIOPA is a member of the European System of Financial Supervision. Kühnel is also a Member of the Board of Supervisors of ESMA. FMA Executive Director Helmut Ettl is EBA Vice-Chairperson.
Journalists may address further enquiries to
Boris Gröndahl (FMA Media Spokesperson)
Telephone: +43/(1)249/59-6010
Mobile: +43 676 8824 9995
E-Mail: [email protected]