CESR profile changes to deliver ‘effective supervisory convergence’

Regulatory convergence will become the primary focus of the Committee of European Securities Regulators (CESR), according to news released today. The regulators will begin to concentrate on operational tasks now that the final phases of the Financial Services Action Plan are nearing completion.

To facilitate supervisory convergence, CESR is amending its charter to include a procedure for voting on issues, a mediation mechanism to expedite the resolution of problems between member states and a review panel.

Click here to see details of CESR’s new charter.


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