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Financial supervision - Archive

Committees of European supervisors

Legal framework

Decisions (January 2009) reforming the operational framework and decision-making processes for the existing supervisory committees:

  • Committee of European Securities Regulators (Decision C(2009)176) PDF - 17 KBDeutschEnglishFrançais
  • Committee of European Banking Supervisors (Decision C(2009)177) PDF - 17 KBDeutschEnglishFrançais
  • Committee of European Insurance and Occupational Pensions Supervisors (Decision C(2009)178) PDF - 17 KBDeutschEnglishFrançais
  • Press release (26.01.2009)


The supervisory committees are funded directly from the EU budget under a special EU programme to support specific activities in the field of financial services, financial reporting and auditing.

  • Decision establishing the programme (716/2009/EC) PDF - 17 KBEnglish
  • Press release (26.01.2009)
  • Commission Staff Working Document SEC(2009)54 PDF - 17 KBEnglish

Review of financial supervision arrangements (Lamfalussy process)

2007 conference on supervision “Challenges for EU supervisory arrangements in an increasingly global financial environment”.

Results of the review

Public consultation

Inter-institutional Monitoring Group (IIMG)

IIMG - final report on Lamfalussy process

IIMG - second interim report

IIMG - first interim report

  • Press release (22.03.2006)
  • Full text of the the first interim report PDF - 66 kbEnglish
  • Questionnaire to EU industry associations and federations (basis for first interim report) PDF - 18 kbEnglish

IIMG – third meeting (press release 12.01.2006)

IIMG – second meeting (press release 06.12.2005)

IIMG – first meeting (press release 26.09.2005)

  • Inauguration speech Ms Pervenche Berès PDF - 66 kbEnglish
  • Inauguration speech Mr. Charlie McCreevy PDF - 66 kbEnglish

IIMG re-established to cover extended Lamfalussy process (press release 25.07.2005)

Financial Services Committees

Cross-border mergers and acquisitions

EU directive 2007/44 – cross-border mergers and acquisitions - improves the approval process by supervisory bodies.

History of the directive














Last update: 21-01-2013