Mr. Manuel Aguilera
Chairman
Comisión Nacional de Seguros y Finanzas, Mexico

Manuel Aguilera has been President of the Insurance and Surety National Commission (CNSF) of Mexico since 1998. He joined the CNSF in 1993. In that position, Mr. Aguilera is responsible for the supervision of the Mexican insurance and surety markets, and he has developed an extensive experience in solvency regulatory issues.

Within the duties that he has performed in the CNSF, Mr. Aguilera has participated in the reforms to the legal framework that rules the insurance and surety markets in Mexico, particularly regarding the modifications to the regulatory scheme of health insurance and pension insurance policies derived from the Laws of Social Security, as well as modifications to the supervisory scheme regarding adequacy and investment of technical reserves, solvency margin, reinsurance operations, earthquake risk, among others.

Regarding Mr. Aguilera's international activities as insurance supervisor, he has been acting as Chairman of the Executive Committee of the International Association of Insurance Supervisors (IAIS) since January 2001. The IAIS represents insurance supervisory authorities from about 100 jurisdictions all over the world. In addition, almost 70 organisations and individuals are observers of the IAIS. Among them, some relevant international organizations such as the International Monetary Fund, the World Bank and the Organization for the Economic Cooperation and Development (OECD).

In his latter capacity, Mr. Aguilera is Chairman of the "Coordination Group" for the financial supervision, which is integrated by the chairmen of the Basel Committee on Banking Supervision (BCBS), International Association of Insurance Supervisors (IAIS), International Organization of Securities Commissions (IOSCO) and the Joint Forum.

Prior to this, Manuel Aguilera was acting as a Chairman of the Association of Latin American Insurance Supervisors (ASSAL).

Mr. Aguilera is also member of the Insurance Advisory Group of the Toronto International Leadership Centre for Financial Sector Supervision.

Mr. Aguilera holds an economist degree form the Universidad Veracruzana. He obtained Diplomas in Planning and Economic Development from the Polish Central School on Planning and Statistics in Warsaw, Poland, and other in Public Management from the Mexican National Public Administration Institute.