2007 is an important year for CEBS. After three years of focusing mainly on the design of this new regime, CEBS is now moving to its day-to-day delivery, as European banking supervisors take up the challenge of working under the Capital Requirements Directive (CRD). This is also the year of the ‘Lamfalussy review’. The Lamfalussy process was introduced to improve and speed up financial market legislation, and improve the way supervisory cooperation is structured. The review will assess how well CEBS, together with our sister committees CESR and CEIOPS, are meeting the challenge of giving the EU a more effective regulatory system for financial services.
On this page you will find an independent survey report (from Ipsos MORI) on our stakeholders’ assessment of CEBS, on what we do well and what we could do better. You will also find our response to the survey outlining how we aim to address these concerns.
CEBS contribution to the Lamfalussy review
. The Lamfalussy framework has brought about substantial progress in supervisory convergence and cooperation, in a very short span of time. The independent survey launched by CEBS confirmed a positive assessment of the progress made in the first years of work, but helps also to identify areas in which further improvements are needed.