Fausto Parente

Fausto Parente is the executive director of the European Insurance and Occupational Pensions Authority (EIOPA). In his role, he presides over the day-to-day management of EIOPA. Fausto was elected by the board of supervisors of EIOPA on January 28, 216. His nomination followed an open selection procedure and a public hearing at the European Parliament’s committee on economic and monetary affairs. On March 9, 216 the European Parliament confirmed his appointment. Fausto has a distinguished career in supervisory regulations and policies at national and international level. Prior to his current role he was head of the supervisory regulation and policy directorate at the Italian Insurance Supervisor, IVASS – Istituto di Vigilanza sulle Assicurazioni.

He was the alternate member in EIOPA board of supervisors and member of the advisory technical committee of the European systemic risk board (ESRB). In the context of the Italian chairmanship in the EU Council (second half of 214), Fausto chaired the council’s working group on insurance mediation directive negotiations. In 211-216 he chaired the insurance group supervision committee of EIOPA and in 215-216—the joint ESAs committee on financial conglomerates. For several years he was an alternate member in the technical and financial stability committees of the International Association of Insurance Supervisors (IAIS).

Fausto has a degree in economics from the University Federico II, Naples, and he is graduated to practice as a certified accountant and financial analyst. He has attended many post-graduate courses in the fields of management, European community law, economy, and finance of insurance undertakings. He is author of a series of publications on insurance supervision.