CEBS work on Home Host issues and Pillar 2 implementation

<strong>CEBS</strong>’ roleMain tasks:• Advise the Commission onbanking policy issues,• Promote consistentimplementation of the EUlegislation and convergence ofsupervisory practices,• Enhance supervisorycooperation and informationexchange.Objectives:Promote cross­bordersupervisory cooperation andsafety and soundness of the EUfinancial system through:• Effective regulation,• Efficient and cost­effectiveapproaches to supervisionof cross­border groups,• Good supervisorypractices,• Level playing field andproportionality.Cape Town, 28 February 2008 | Kerstin af Jochnick 3