Consultation regarding the Review of the Financial Conglomerates Directive

Policy field(s)
Supervision, Financial Conglomerates

Target group(s)
Contributions are particularly sought from financial institutions (credit institutions, insurance undertakings, investment firms, and financial conglomerates).
All citizens and organisations are welcome to contribute to this consultation.

Period of consultation
From 06.11.2009 to 15.01.2010

Objective of the consultation

Obtaining information from market participants on the necessity to improve the provisions of the Financial Conglomerates Directive in a way that would better serve the Directive's objectives, aimed at the control of the so-called group risks (contagion, complexity, concentration, conflicts of interest) and the detection of multiple use of capital i.e. double gearing in groups that are regarded as financial conglomerates.

Background information to the questionnaire is comprehensively given in the Joint Committee on Financial Conglomerates Advice no. 3. Therefore, this questionnaire refers explicitly to that document.

View the consultation document

Contact details
Responsible service: Directorate General Internal Market and Services, Directorate Financial Markets, Unit Banking and Financial Conglomerates
E-mail: Markt-FCD-consultation@ec.europa.eu
Postal address: European Commission
SPA2 04/30
B-1049 Brussels

Number of responses received to this consultation

View the contributions
In the interests of transparency, organisations have been invited to provide the public with relevant information about themselves by registering with the Commission's Interest Representative Register and subscribing to its Code of Conduct. If the organisation is not registered, the submission is published separately from the registered organisations.

Results of consultation and next steps

Last update: 06.07.2011