To be more precise, the CEIOPS is currently focusing on finalising the advice to the Commission for the preparation of the Level 1 Solvency directive; CESR so far has been very busy with the preparation of the Level 2 implementing measures in the securities field; CEBS is working hard mainly on finalising Level 3 guidelines for the implementation of the EU capital requirements framework.
When I first launched my proposal last April I noted that due to its role in macro-prudential financial stability and the closeness of repo to monetary policy, the ECB would be well placed to centralise the data gathering for the euro repo market.