CESR informs on supervisory co-operation for branch supervision

03 September 2008

CESR gave information about the progress made under the protocol for the supervision of branches in the context of MiFID .

CESR gave information about the progress made under the protocol for the supervision of branches in the context of MiFID. The protocol created two models for co-operation between CESR Members. The co-operation can either be in the form of a joint supervision conducted through common oversight programmes, or through requests for assistance based on efficient allocation of supervisory tasks.

 

In the months since the implementation of MiFID on 1 November 2007, 16 agreements for cooperation on the supervision of branches have been concluded between CESR Members. This progress is an important step in order to achieve effective and transparent supervision and to enhance co-operation amongst supervisors.

 

Press release

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