Supervision Première for the Bank of Greece

Supervision Première for the Bank of Greece

Starting today, the supervisory authority of the insurance industry will operate from the fifth floor of the main building of the Bank of Greece, given that the Private Insurance Supervisory Committee was annulled and the industry .

Mr. Papadakis, deputy governor of the Bank of Greece, has been appointed Head of the Directorate, while the new management is comprised of 33 PISC employees.

The Bank of Greece is called upon to continue the “clean up” of the insurance market, and also to find a “foster” company that is willing and able buy the portfolios of Aspis Pronia and Commercial Value.

Click here for the Greek article.

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