Under Managing Director Rodrigo de Rato, the IMF has launched a strategic review of its role and activities. This is the opportunity to consider what kind of a Fund we need to meet the challenges of the global economy in the 21st century. But to do this right, we must be ambitious.
However, CEIOPS is somehow in a privileged position. It can benefit from the experience of the other sectoral committees (already active in level 2 and level 3 measures) and help the Commission to prepare the Level 1 Solvency directive in a way that can optimise the use of different supervisory tools according to practical needs and the best state of art supervisory practices.