Committee Of European Securities Regulators
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The Committee of European Securities Regulators (CESR) was an independent committee of European Securities regulators in the
Lamfalussy process The Lamfalussy process is an approach to the development of financial service industry regulations used by the European Union. Originally developed in March 2001, the process is named after the chair of the EU advisory committee that created it, ...
established by the
European Commission The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body o ...
on June 6, 2001.Decision 2001/527/EC
/ref> The role of this committee was to * Improve the coordination among securities regulators * Act as an advisory group to assist European Commission * Work on implementation of community legislation in EU member states The other Level-3 committees in the
Lamfalussy process The Lamfalussy process is an approach to the development of financial service industry regulations used by the European Union. Originally developed in March 2001, the process is named after the chair of the EU advisory committee that created it, ...
were the
Committee of European Banking Supervisors The Committee of European Banking Supervisors (CEBS) was an independent advisory group on banking supervision in the European Union (EU). Established by the European Commission in 2004 by Decision 2004/5/EC, and its charter revised on 23 January ...
(CEBS) and the
Committee of European Insurance and Occupational Pensions Supervisors The European Insurance and Occupational Pensions Authority (EIOPA) is a European Union financial regulatory institution that replaced the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS). It is established under EU Re ...
(CEIOPS). On 1 January 2011, the CESR was replaced by the
European Securities and Markets Authority The European Securities and Markets Authority (ESMA) is an independent European Union Authority located in Paris. ESMA replaced the Committee of European Securities Regulators (CESR) on 1 January 2011. It is one of the three new European Supe ...
(ESMA), which is part of the
European System of Financial Supervision The European System of Financial Supervision (ESFS) is the framework for financial supervision in the European Union that has been in operation since 2011. The system consists of the ''European Supervisory Authorities'' (ESAs), the European Syste ...
.


See also

*
European Commission The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body o ...
* Securities Commission *
European Commissioner for Internal Market and Services The Commissioner for Internal Market is a member of the European Commission. The post is currently held by Commissioner Thierry Breton. Responsibilities The portfolio concerns the development of the 480-million-strong European single market, ...
*
Financial regulation Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the stability and integrity of the financial system. This may be handled ...


References


External links


ESMA
Regulation in the European Union Financial markets Defunct financial regulatory authorities {{Finance-stub