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The consultation paper sets out CEBS’s preliminary proposals on the future treatment of options and national discretions.
CEBS proposes to keep as a national discretion approximately one fifth of the 152 provisions covered in its analysis. More than one third of these national discretions will expire within a relatively short period. For the others CEBS is proposing solutions that can bring about further harmonization of supervisory practices and levelling of the playing field among institutions.
CEBS will delver its final advice to the Commission by October 2008. A public hearing will take place on
Deadline for consultation is