26 September 2005

First meeting of new Inter-institutional Monitoring Group

The launch of the newly formed Inter-institutional Monitoring Group (IIMG) for financial services took place on 15 September in Brussels. IIMG members agreed to organize hearings to get input from the stakeholders directly involved in the Lamfalussy process, and to issue short press notes on the Group’s discussion. However, although the Group was expanded to take occupational pensions into account there are no pensions experts in the panel.

IIMG members are:

Karl-Peter Schackmann-Fallis, executive member of the Board of the German Savings Banks Association (vice chairman)

Freddy van den Spiegel, chief economist and director of public affairs at Fortis Bank

Johnny Akerholm, chief executive of the Nordic Investment Bank (chairman)

Rainer Masera, chairman of Rete Ferroviaria Italiana

Mark Harding, group general counsel, Barclays Bank

Pierre De Lauzun, CEO of French Association of Investment Firms.

The group’s mandate expires in December 2007. It plans to deliver three reports on the extension of the Lamfalussy financial reform approach. The first interim report is expected to be published in March 2006.

Press release
Inauguration speeches
Beres
McCreevy

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