Cross-sector work programme 2006

06 February 2006

The ‘3 Level 3 Committees’ CESR, CEBS, and CEIOPS published a common cross-sector work programme for 2006 which builds further on the Joint Protocol signed in November 2005. The Work Programme sets out in more detail the work that the 3 Level 3 committees intend to do together during 2006, dividing the work into four work streams which reflects the type of work and outcome of the work that will be expected.

The committees will perform joint work on Financial Conglomerates, which will be carried out by CEBS and CEIOPS, with CESR participating as an observer. Regarding outsourcing and internal governance, joint work will be taken forward mainly by CESR and CEBS, with CEIOPS sharing experience from its work in the Solvency II project. The ‘3 Level 3 Committees’ will also undertake an inventory of reporting requirements which will involve all three committees.

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