Level 3 committees issue medium-term work programme

Victoria Pennington
23 Nov 2007

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Regulation

The three Level 3 committees – the Committee of European Securities Regulators (CESR), the Committee of European Banking Supervisors (CEBS) and the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) – have published their joint consultation paper on the three Level 3 committees' (3L3) medium-term work programme (2008 to 2010).

The three committees plan to contribute to the ongoing review of the Lamfalussy process, by identifying ways to enhance regulatory and supervisory consistency across sectors. In the 3L3 medium-term work programme, the committees have outlined a comprehensive list of cross-sector areas to address in the period ending 2010 – the ‘medium term’ – and six key areas for work within these three years.

The main areas of concern include home-host/delegation of tasks; competing products; credit rating agencies; internal governance; conglomerates (the Interim Working Committee on Financial Conglomerates); and valuation of financial instruments.

The committees have requested input from the financial industry, investors and all other stakeholders regarding what they would most like to see addressed in the medium term. Comments on the key areas, the work programme in general, and other issues raised are invited by January 18, 2008.

Answers should be posted on CESR’s website: www.cesr.eu.

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You are currently on corporate access.