Meeting with CEO Aegon
Meeting date and place
Meeting held on 19/06/2018 16:30 in Director General Office
Participating organisation(s) & representative(s)
- - AEGON N.V. (TRN: 627192514539-08) Participant, Requester, Interest representative,
Main issues discussed
Aegon opened the meeting by providing a general update as to where they are today as a global financial service provider. While they
asked to discuss some current initiatives from DG FISMA, including CMU and PEPP, we never got around to do so, as the discussion
focused on regulatory developments, namely IFRS17. Aegon showed their appreciation of the proposed standard but also presented the
challenges it imposes to an organisation with a substantial part of its business in the U.S.
As regards sustainable finance, Aegon raised the issue of taxonomy. They had contributed to the consultation paper through Insurance
Europe, and they had called for a clear taxonomy for sustainable finance with no need for additional fiduciary duty requirements for
insurers, as the Solvency II prudent person principle already addresses this issue.
Incidentally, they had applied for membership of the Taxonomy Expert Group, but did not make the cut. We explained to them that we have
received many very high quality applications and a necessary selection had to be made.
Directorate or unit
FISMA DG
Internal participants
Mr GUERSENT Olivier FISMA DG
Participant, Requested for,
Author(s) of minutes
Validator and validation date
validated the minutes on 08/05/2019 17:10
Minutes generated by EMT (Id:FISMA/4429)
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