Ante Zigman elected Chair of the EIOPA Risks and Financial Stability Steering Committee

7 June 2023 — Daniela GHETU
Ante Zigman, President of the Board of the Croatian Financial Services Supervisory Agency (HANFA) was appointed by the Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA), to the institution's Management Board. He will serve as Chair of the Risks and Financial Stability Steering Committee.

Zigman's term begins on June 3, 2023. He will replace Zuzana Silberova, Executive Director of the Financial Market Supervision Department at the Czech National Bank, who has completed her second term on the Management Board.

The Risks and Financial Stability Committee (RFSC) contributes to achieving EIOPA's objectives aimed at preserving the stability of the EU insurance and occupational pensions sectors. In doing so, it assesses the risks that negatively affect the financial stability of this part of the non-banking financial sector. The conclusions and analyses of the RFSC are based on a wide range of information gathered, ranging from market indicators and financial market analyses, via financial stability analyses prepared by EIOPA staff, to quarterly data provided to them by national regulatory authorities of the EU Member States, including Hanfa. In order to prevent, manage and resolve crises at the European level, EIOPA transforms the analytical conclusions of the RFSC into possible policy actions that it could undertake within its powers and competences.

He is a member of Executive Committee of the International Association of Insurance Supervisors (IAIS) representing the CEET region (Central and Eastern Europe and Transcaucasia) and chairs the Risk and Financial Stability Committee of the European Insurance and Occupational Pensions Authority (EIOPA). He actively participates in the work of these international bodies.

Prior to his appointment as the Head of Hanfa, he held a number of important functions, some of them being: Assistant Minister of Finance for Macroeconomic Analysis and Planning, followed by Secretary of State at the Ministry of Finance. He also served as the Vice President of the Committee for Fiscal Policy of the Croatian Parliament, and member of the Economic and Financial Committee's Sub-Committee on EU Sovereign Debt Markets (ESDM). In the banking sector, he was a Board Member of Partner Banka, as well the Head of Macroeconomic and Financial Research Division and the Chief Economist at the Raiffeisen Bank in Croatia. He spent a significant part of his career at the Croatian National Bank, where he worked at the Office of the Governor until being appointed to the current position.

The Board of Supervisors has also decided to re-elect Mr Alberto Corinti, member of the Board of Directors at the Italian Institute for the Supervision of Insurance (Ivass), for a second two-and-a-half-year term.