19 March 2004

Summary of responses to consultation on report on Financial Analysts

The document summarises the responses to the consultation on the report submitted by the Forum Group on Financial Analysts on “Best practices in an integrated European financial market”.

Among others, the report states a high level of support for the principles-based approach suggested by the Forum Group, for its scope, and for many of the Group’s recommendations.

There is also a certain level of interest in a European framework laying down minimum standards for analysts. However, the majority of respondents considered that this should be achieved through self-regulation rather than through further legislative initiatives at European level. Some respondents stressed the need for consistency at international level – in particular with the principles issued by IOSCO.

Full response

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