Committee of European Securities Regulators
Encyclopedia
The Committee of European Securities Regulators (CESR) was an independent committee of European Securities regulators established by European Commission
on June 6 of 2001. The role of this committee was to
The other Level-3 committees of the European Union
in the Lamfalussy process
are the Committee of European Banking Supervisors
(CEBS) and the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS).
On 1 January 2011, CESR was replaced by the European Securities and Markets Authority
(ESMA), which is part of the European System of Financial Supervisors
.
European Commission
The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union's treaties and the general day-to-day running of the Union....
on June 6 of 2001. The role of this committee was to
- Improve the coordination among securities regulators
- Act as an advisory group to assist European Commission
- Work on implementation of community legislation in EU member states
The other Level-3 committees of the European Union
European Union
The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...
in the Lamfalussy process
Lamfalussy process
The Lamfalussy Process is an approach to the development of financial service industry regulations used by the European Union. Originally developed in March 2001, the process is named after the chair of the EU advisory committee that created it, Alexandre Lamfalussy...
are the Committee of European Banking Supervisors
Committee of European Banking Supervisors
The Committee of European Banking Supervisors was an independent advisory group on banking supervision in the European Union. Established by the European Commission in 2004 by Decision 2004/5/EC, and its charter revised on 23 January 2009, it was composed of senior representatives of bank...
(CEBS) and the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS).
On 1 January 2011, CESR was replaced by the European Securities and Markets Authority
European Securities and Markets Authority
The European Securities and Markets Authority is a European Union financial regulatory institution and European Supervisory Authority located in Paris....
(ESMA), which is part of the European System of Financial Supervisors
European System of Financial Supervisors
The European System of Financial Supervisors is an institutional architecture of the EU's framework of financial supervision created in response to the financial crisis...
.
See also
- European CommissionEuropean CommissionThe European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union's treaties and the general day-to-day running of the Union....
- Securities CommissionSecurities CommissionSecurities Commission a statutory body entrusted with the responsibility of regulating and systematically developing the capital markets in Malaysia.-History:...
- European Commissioner for Internal Market and Services
- Financial regulationFinancial regulationFinancial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the integrity of the financial system...