Consultation on the future of financial services supervision in the EU

Policy field(s)
Financial services supervision, both of individual institutions and of systemic risk

Target group(s)
All financial services sector operators and their representative bodies, regulators, supervisors, other interested parties.

Period of consultation
From 10.03.2009 to 10.04.2009.

Objective of the consultation
The European Commission is launching a consultation on the improvement of supervision for the financial services sector. Following the report of the high-level group on financial supervision in the EU chaired by Jacques de Larosière, published on 25 February 2009, the Commission has announced in its Communication of 4 March 2009 "Driving European Recovery" that it intends to come forward by the end of May 2009 with a Communication setting out its proposals on the future of the EU supervisory architecture followed by specific legislative measures in autumn 2009 . Before doing so, it wishes to take into account the views of all interested parties.

Please read Commission press release IP/2009/373 for information about this consultation and its background.

How to submit your contribution
We welcome contributions from citizens, organisations and public authorities.
  • If you are answering this consultation as a citizen, please click here to submit your contribution.
  • If you are answering this consultation on behalf of an organisation, please click here to submit your contribution.
  • If you are answering this consultation on behalf of a public authority, please click here to submit your contribution.
Received contributions will be published on the Internet. It is important to read the specific privacy statement attached to this consultation for information on how your personal data and contribution will be dealt with.

View the consultation document

Contact details
Responsible service :DG Internal Market, unit G1
E-mail : MARKT-G1@ec.europa.eu
Postal address : European Commission
DG Internal Market Unit G1
– Consultation on Financial Supervision
B-1049 Brussels.

Reason why the consultation period is less than 8 weeks
Given the overriding need to react as quickly as possible to the economic and financial crisis, the European Commission has decided to reduce the minimum consultation period.

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 in the 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
A summary of the views expressed in the public submissions has been prepared. The views have been taken into account in the drafting of the Commission Communication on Financial Supervision in Europe, to due to be adopted on 27 May 2009.

Last update: 12-06-2012