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Agreement between SEC and European regulators

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29 May 2004

The Director of the Office of International Affairs of the US Securities and Exchange Commission and the Secretary-General of the Committee of European Securities Regulators (CESR) have announced an agreement for enhanced cooperation and collaboration on cross-border securities regulatory matters.

The overall goals of the cooperation are to identify emerging risks in the US and EU securities markets, and to engage in early discussions of potential regulatory initiatives in the interest of promoting convergence where possible. Detailed terms of the agreement will be announced at the upcoming CESR plenary meeting on 4 June 2004. Click for SEC Announcement (link to SEC website). The announcement is also on CESR's Website.

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