01 September 2008

3L3 Committees call to focus on long term objectives

The Committees underline that the Commission should  focus on long term objectives and the tools available, rather than including concrete projects. Any need for reviewing the mandates on an annual basis should be avoided.

In a joint response to the Commission’s consultation the Committees underline that the Commission should focus on long term objectives and the tools available, rather than including concrete projects. Any need for reviewing the mandates on an annual basis should be avoided.

 

The Committees consider that the consultation represents a ratification of what is already practice in the Committees to enhance supervisory convergence.

 

They recall that their independence is basic for the adequate functioning of the Lamfalussy system.

 

Joint response

 

 

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