Final Lamfalussy report details a 4 level approach

Karel Lannoo, Senior Research Fellow, Centre for European Policy Studies. Klannoo@ceps.be

The final report of the Committee of Wise Men on the Regulation of European Securities markets gives further details on its four level approach, as proposed in the initial report, to improve the current legislative system. Here, Karel Lannoo of the Centre for European Policy Studies looks at the report and questions whether the proposed structure is workable.