CEPS continued its activities on better regulation by contributing to the ongoing measurement of administrative burdens generated by EU legislation. After three rounds of consulting activities with DG Enterprise on fast-track actions to be adopted with the aim of reducing administrative burdens in the short-term, the European Commission requested CEPS and Austrian research centre WiFo to look at burdens generated by selected information obligations in the two directives on capital adequacy and on the taking up and pursuit of the business of credit institutions and investment firms (namely Directives 2006/48/EC and 2006/49/EC). Two units were involved in this research activity - CEPS Regulatory Affairs Programme and the CEPS Financial Services Unit. The final report was completed in February 2008 and provides a range of cost estimates for the 7 Information Obligations identified by the European Commission. The report was authored by Michael Boeheim (WiFo), Andrea Renda, Rym Ayadi and Sarah Cheliout.