In November 2011, Commissioner Michel Barnier announced his intention to set up a High-level Expert Group to examine possible reforms to the structure of the EU's banking sector. In agreement with President Barroso, he appointed Erkki Liikanen as the chairman. Erkki Liikanen is Governor of the Bank of Finland and a former member of the European Commission. The Group's members were announced on 22 February. The Group presented its final report to the Commission on 2 October 2012.
Its mandate was to determine whether, in addition to ongoing regulatory reforms, structural reforms of EU banks would strengthen financial stability and improve efficiency and consumer protection, and if that is the case to make proposals as appropriate.
- Report of the High-level Expert Group (corrected version of the report, incorporating technical changes to some of the charts, has been uploaded on 9 October 2012)
Statement and speech of the Chairman
Press release 02.10.2012
In responding to its mandate, the Group wished to consider the views of all interested parties. Accordingly, the High-level Expert Group invited any interested parties to submit their comments and respond to questions related to bank structural reform outlined in the associated consultation document.