Committee of European Securities Regulators
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| The Committee of European Securities Regulators | |
| Founded | 2001 |
|---|---|
| Headquarters | Paris, France |
| Key People | Eddy Wymeersch, Chairman; Carlos Tavares, Vice Chairman; Fabrice Demarigny, Secretary General |
| Web site | www.cesr-eu.org |
The Committee of European Securities Regulators (CESR) [1] is an independent committee of European securities regulators. Each member of the European Union has one member on the Committee. The members are nominated by the Member States and are heads of the national public authorities competent in the field of securities. The European Commission is represented by its Director General. The securities authorities of Norway and Finland are also represented on the Committee.
Contents |
Organization and Purpose
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The role of CESR is threefold:
- Improve coordination among securities regulators by developing operational network mechanisms to enhance day-to-day consistent supervision and enforcement of the Single Market for financial services.
- Act as an advisory group to assist the EU Commission in its preparation of draft implementing measures of EU framework directives in the field of securities.
- Work to ensure more consistent and timely day-to-day implementation of community legislation in the Member States. This work is carried out by the Review Panel under the leadership of CESR's Vice Chairman Carlos Tavares, and by two operational groups: CESR-Pol and CESR-Fin.
History
The Committee was established under the terms of the European Commission's Decision of June 6, 2001. It is one of two committees envisaged in the Final Report of the Committee of Wise Men on the regulation of European securities markets, chaired by Baron Alexandre Lamfalussy. The report is endorsed by Heads of State in the Eruopean Council and the European Parliament.
Current Members
As of January 2008, by country:
- Austria - Kurt Pribil, Financial Market Authority
- Belgium - Jean Paul Servias, Commission Bancaire, Financiere et des Assurances
- Bulgaria - Apostol Apostolov, Financial Supervision Commission
- Cyprus - Georgios Charalambous, Cyprus Securities and Exchange Commission
- Czech Republic - Pavel Hollmann, Czech National Bank
- Denmark - Henrik Bjerre Nielsen, Finanstilsynet
- Estonia - Raul Malmstein, Estonian Financial Supervision Authority
- Finland - Anneli Tuominen, Rahoitustarkastus
- France - Michel Prada, Autorite des Marches Financiers
- Germany - Jochen Sanio, BaFin
- Greece - Alexis Pilavios, Capital Market Commission
- Hungary - Istvan Farkas, Hungarian Financial Supervisory Authority
- Iceland - Jonas Fr. Johnsson, Financial Supervisory Authority
- Ireland - Patrik Neary, Financial Regulator
- Italy - Lamberto Cardia, Commissione Nazionale per le Societa e la Borsa
- Latvia - Janis Brazovskis, Financial and Capital Market Commission
- Lithuania - Vilija Nausedaite, Lithuanian Securities Commission
- Luxembourg - Arthur Philippe, Commission de Surveillance du Secteur Financier
- Malta - J.V. Bannister, Malta Financial Services Authority
- The Netherlands - Paul Koster, Autoriteit Financiele Markten
- Norway - Eirik Bunaes, Kreditilsynet
- Poland - Stanislaw Kluza, Polish Financial Supervision Authority
- Portugal - Carlos Tavares, Comissao do Mercado de Valores Mobiliarios
- Romania - Gabriela Victoria Anghelache, Romanian National Securities Commission
- Republic of Slovenia - Miha Juhart, Securities Market Agency
- Slovak Republic - Jozef Makuch, National Bank of Slovakia
- Spain - Carlos Arenillas, Comision Nacional del Mercado de Valores
- Sweden - Ingrid Bonde, Finansinspektionen
- United Kingdom - Callum McCarthy, Financial Services Authority
- Belgium - Jorgen Holmquist, European Commission
References
- ↑ CESR in Short. Committee of European Securities Regulators. Retrieved on December 19, 2007.
