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The consultation will feed into the review of the European System of Financial Supervision (ESFS) to strengthen the effectiveness and efficiency of oversight of the financial sector which is foreseen in the Commission's Work Programme for 2017.
DG FISMA received 227 responses to the consultation that ended on 16 May 2017. Contributions came from a wide variety of respondent groups: 59 (26%) public authorities or international organisations, 161 (71%) organisations or companies and seven (3%) private individuals (see Chart 1). These respondents include EU and national authorities (government ministries, central banks, supervisors/regulators), industry associations, companies, trade unions, consumer organisations and think tanks (see Chart 2 for field of activity of private sector respondents). The fields of activities of the respondents are almost equally spread between various activities, from which insurance (24%), banking (23%) and investment management (20%) are the most represented.
Replies originated in 26 EU Member States (all except Latvia and Romania), all EEA/EFTA countries and from globally-present organisations. Most of the respondents are located in Belgium (18%), Germany (18%), the United Kingdom (11%), France (10%) and Italy (6%) (see Chart 3).