The board of supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) has decided to relaunch the procedure for finding a successor to Gabriel Bernardino.
On Friday the supervisory authority said the board had decided “not to draw up at this moment in time a shortlist of qualified candidates for the position of EIOPA chairperson, but to launch a new selection procedure”.
The new procedure is to be discussed during the next meeting of the board of supervisors at the end of November, and launched in the following weeks.
A spokesperson said EIOPA could not comment on the profiles or number of candidates, or on the reasons why the board of supervisors preferred to relaunch the recruitment procedure.
EIOPA announced the vacancy for a new chairperson in July, which kicked off the open selection procedure. Applications were due by the end of August.
Bernardino, who is the Frankfurt-based authority’s first chair, will have finished the second of a maximum of two terms in March next year.
Four individuals were appointed to the EIOPA committee formed to work on the “pre-selection” of Bernardino’s successor: Thomas Schmitz-Lippert (chair), director-general for international policy, financial stability and regulation at German supervisor BaFin; Else Bos, executive director and chair of prudential supervision at DNB; Alberto Corinti, member of the board of directors at Italian supervisor IVASS; and John Berrigan, director-general of financial stability, financial services and CMU at the European Commission.
According to the vacancy notice, the selection procedure involves the pre-selection committee submitting to the board of supervisors a “pre-shortlist” of up to six candidates and an assessment report. The board of supervisors then interviews the candidates.
The estimated monthly basic salary for the role is from €17,493, according to the vacancy notice. The envisaged starting date is 1 March 2021.