Cooperation plan among EU regulators

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27 Nov 2005

The Committee of European Banking Supervisors (CEBS), the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) and the Committee of European Securities Regulators (CESR) have signed a joint protocol to foster co-operation and coordination in the areas of regulation, policy, information exchange and other tasks with a common interest.

The practical objectives of the joint protocol are to:
  • share information in order to ensure compatible sector approaches are developed;
  • exchange experiences which can facilitate supervisors' ability to cooperate;
  • produce joint work or reports to relevant EU Institutions and Committees;
  • reduce supervisory burdens and streamline processes; and
  • ensure the basic functioning of the three Committees develops along parallel lines.
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