CESR Publishes The 2009 Annual Report

As reflected by CESR’s 2009 Annual Report, the regulatory follow-up of the financial crisis has greatly dominated our agenda, in particular, evidenced by CESR’s work on financial reporting in times of crises, follow-up work on Lehman’s default and on short selling. Elements of learning from the financial crisis have also greatly influenced other work streams in CESR’s Work Programme, such as the review of MiFID, and these work streams lead to work on a significant number of advisory statements addressed to the European Commission, covering all pillars of the EU financial regulatory framework in the field of securities. In addition, new fields of regulation are now at the core of our work, for example, the implementation of the new Regulation on Credit Rating Agencies.