The Market Participants Consultative Panel held its 10th meeting on 9 November in Paris. The discussion primarily focused on the shaping of the supervisory convergence role of CESR, in particular on the role and efficiency of CESR’s Review Panel and future mediation mechanism and, IT databases and networks between supervisors.
Members agreed that the Review panel should address, not only transposition and implementation by individual countries, but also make cross-countries evaluations. They also suggested that the Review Panel should be more “issues oriented” and not limit its activity to assessment of level 3 standards but also of levels 1 and 2 to detect any major deficiencies.
Next meetings will be held on 5 April and 14 June 2006.
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© CESR - Committee of European Securities Regulators
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