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CEBS received the call for technical advice on options and discretions in the Capital Requirements Directive. CEBS has been invited to provide advice on the extent which further harmonisation might be achieved in terms of reducing the number of discretions and options of the CRD.
Among others CEBS is asked whether it is appropriate to reach further harmonisation with a view to achieve convergence of supervisory practices.
The Commission expects the technical advice by end May 2008.