The Committee of European Securities Regulators (CESR) was an independent committee of European Securities regulators in the
Lamfalussy process established by the
European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body o ...
on June 6, 2001.
Decision 2001/527/EC
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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 in the Lamfalussy process were the Committee of European Banking Supervisors (CEBS) and the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS).
On 1 January 2011, the CESR was replaced by the European Securities and Markets Authority (ESMA), which is part of the European System of Financial Supervision
The European System of Financial Supervision (ESFS) is the framework for financial supervision in the European Union that has been in operation since 2011. The system consists of the ''European Supervisory Authorities'' (ESAs), the European Syste ...
.
See also
*European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body o ...
* Securities Commission
* European Commissioner for Internal Market and Services
*Financial regulation
Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the stability and integrity of the financial system. This may be handled ...
References
External links
ESMA
Regulation in the European Union
Financial markets
Defunct financial regulatory authorities
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