The three committees – Committee of European Securities Regulators (CESR), – Committee of European Banking Supervisors (CEBS), and – Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS). – See AusschussWahn, Banking Supervision, European, Three Level three Committees, Taskforce on CrossSectoral Risks to Financial Stability in Europe. – See BaFin Annual Report 2008, pp. 43 f. (strengthening the role of the L3 committees in aligning supervisory practices; procedural arrangements; legally binding nature of decisions); Deutsche Bundesbank Monthly Report of December 2009, p. 63 (guidelines for the work and cooperation of supervisory committees); BaFin Annual Report 2010, pp. 61 f. (the L3 committees begin their work).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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