The European Banking Federation (FBE) published its response to the third report of the Inter Institutional Monitoring Group, supporting the recommendations to avoid excessive detail at Level 1 and to minimize the risk of over-regulation through more priority being given to quality over speed, a greater use of regulatory impact analysis and a careful
case-by-case analysis of the proposed measures.
FBE also underlines that implementation timetables set in the future should be more appropriate and parallel working between Levels 1 and 2 should not pre-empt the political decisions by the Council and the Parliament.
Finally, CESR’s role in Level 3 should be developed and clarified further, in particular in a way that supports its activities in the categories of coordinated implementation and supervisory convergence, while more caution should be exercised vis-à-vis CESR’s proposals aimed at regulatory convergence.
Voice of the European banking sector
www.fbe.be',WIDTH, 300, SHADOW, true, FADEIN, 300, FADEOUT, 300, STICKY, 1,DURATION,3500)" onmouseout="UnTip()");">FBE Response to third IIMG report.pdf' target='_blank'> Document
© FBE
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article