Commissioner Michel Barnier has set up a High-level Expert Group to examine possible reforms to the structure of the EU's banking sector. The decision to set up this Group was announced by Commissioner Michel Barnier at the European Parliament in November 2011.
In agreement with President Barroso, Commissioner Michel Barnier in January appointed Erkki Liikanen as the chairman. Erkki Liikanen is currently Governor of the Bank of Finland and a former member of the European Commission. The Group's members were announced on 22 February. The Group will present its final report to the Commission by the end of summer 2012.
Its mandate will be to determine whether, in addition to ongoing regulatory reforms, structural reforms of EU banks would strengthen financial stability and improve efficiency and consumer protection, and if that is the case it will make proposals as appropriate.
In responding to its mandate, the Group wishes to consider the views of all interested parties. Accordingly, the High-level Expert Group invites any interested parties to submit their comments and respond to questions related to bank structural reform - Consultation (03.05.2012-01.06.2012).
Press release
© European Commission
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article