CESR Annual report 2004

07 April 2005

The Committee of European Securities Regulators published its 2004 Annual Report. Apart from establishing the institutional environment within which CESR works, the report sets out the activities of CESR in 2004. The main part of the annual report summarises CESR’s key areas of activity throughout the period and the achievements of CESR to put in place a proper regulatory and supervisory environment for the EU single market for Financial Services.

The report reflects the high level of participation in CESR’s work by a wide range of market participants, both by the chapter on the work of the market participants’ panel and by the pie charts showing a breakdown of responses to consultations by sector.

As reflected by the extent of work reported on within Chapter 5, there has been an increasing shift in emphasis to ensure supervisory convergence of a Level 3 nature. This will continue to form the main part of CESRs efforts in 2005 and 2006 as reflected in an outline of the CESR work programme for 2005 in Chapter 6.

Annual report 2004

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