Committee of European Securities Regulators

Committee of European Securities Regulators

The Committee of European Securities Regulators (CESR) [1] was an independent committee of European Securities regulators established by European Commission 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 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.

References

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