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He also noted that the cooperation between the three level 3 Committees (CESR, CEBS, CEIOPS) has become increasingly a subject of interest. “An enhanced coordination of the activities of the three Level 3 Committees is indeed a key objective to CESR” He said. “We have found out that the list of items of common interest is extensive.”
The three level 3 committees are currently working to define more precisely their cooperative framework. “The recent joint report on cross-sectoral risks to the Financial Stability Table of the Economic and Financial Committee provides some preliminary ideas on the structuring of a regular reporting and highlights to the attention of the FST some issues that might be further analysed” the chairman said.