Consultation on Commission Communication of 27 May 2009 on European Financial Supervision

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 27.05.2009 to 15.07.2009

Objective of the consultation
The European Commission adopted on 27 May 2009 a Communication on Financial Supervision in Europe. The Communication proposes a set of ambitious reforms to the current architecture of financial services committees, with the creation of a new European System of Financial Supervisors (ESFS), composed of new European Supervisory Authorities, and a European Systemic Risk Council (ESRC). The Communication is based on the proposals on supervision contained in the report of the de Larosière group of 25 February 2009, on which the Commission has already carried out a public consultation. The Commission invites comments on its Communication by 15 July.

View the consultation document

Reference documents and other, related consultations

Contact details
Responsible service: DG Internal Market, unit G1
E-mail:   markt-g1supervision@ec.europa.eu
Postal address:  European Commission, DG Internal Market,  Unit G1 ("supervision consultation"),
B-1049 - Brussels

Reason why the consultation period is less than 8 weeks
In order to be able to prepare legislative proposals for autumn 2009, in line with the commitment made in the Commission Communication of 4 March 2009 "Driving European Recovery", and to take into account all relevant points of view in the drafting of legislative proposals, it is necessary to analyse all public contributions received by the end of July 2009, and therefore to receive them by mid-July.

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

Last update: 06-07-2011