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The Committee of European Banking Supervisors (CEBS) published a questionnaire to provide technical advice to the Commission, asking the banking industry and other market participants to identify potential obstacles to cross-border mergers and acquisitions in the EU banking sector.
The Commission has asked CEBS to focus in particular on the criteria used by national supervisory authorities in deciding when to oppose the acquisition of a qualifying holding on the grounds that the acquisition could threaten the 'sound and prudent management' of the target institution.
The questionnaire asks the banking industry and other market participants to identify potential obstacles to cross-border mergers and acquisitions in the EU banking sector; to indicate their relative importance; and to comment on their relationship to regulation of the banking sector. Respondents are also asked to identify any legal provisions whose issuance, amendment, or deletion would remove obstacles to cross-border mergers and acquisitions.Respondents are
Deadline for comments is 30 April 2005.
Press release
Questionnaire