EIOPA – Eine Überschreitung des europäischen Rechtsrahmens und die sich daraus ergebenden praktischen Konsequenzen

The EIOPA (European Insurance and Occupational Pension Authority) is a regulatory EU-body, which was founded on the 1st of January, 2011. The EIOPA was established as a result of the financial crisis that took place in 2007/2008, and it is part of a newly created EU-financial system. This essay deals with questions around the legality of the EIOPA, and looks into its legal basis and the scope of its authorities, which are limited by the case law of the European Court of Justice, as well as European and constitutional principles. When considering these aspects, the regulation, on which the EIOPA is based, seems to be partly incorrect. This essay therefore deals with the legal consequences of such faultiness.