Press Release: Financial markets: Inter-institutional Monitoring Group publishes first report on ‘Lamfalussy process’

The Inter-institutional Monitoring Group (IIMG) on 22 March 2006 published its first interim report on the 'Lamfalussy Process', which aimed to create a more efficient system for the EU institutions to prepare, adopt and implement new legislation to integrate financial markets. The report was a first step in response to a mandate given to the Group by the European Parliament, the Council and the European Commission in spring 2005 (see IP/05/1002) to assess the progress made on implementing the Lamfalussy Process and to identify any possible emerging bottlenecks.