The Commission has asked the Interim Working Committee on Financial Conglomerates (IWCFC) - the joint working committee of the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) and the Committee of European Banking Supervisors (CEBS) - to provide technical advice with regard to the sectoral rules on eligible capital and the analysis of the consequences for supervision of financial conglomerates.
CEBS and CEIOPS joint work in response to this call for advice has been published under the following links:
1. Publications/Advice/2007/CEBS and CEIOPS are publishing cross-sectoral comparison of capital instruments
2. Publications/Advice/2007/CEBS and CEIOPS joint report on the impact of the differences in sectoral rules on the calculation of own funds of financial conglomerates
3. Publications/Advice/2008/CEBS and CEIOPS advice on the recommendations in the definition of capital instruments for financial conglomerates