The Committee of European Banking Supervisors (CEBS) was an independent advisory group on banking supervision in the

European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been des ...

(EU). Established by the

European Commission The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body o ...

in 2004 by Decision 2004/5/EC, and its charter revised on 23 January 2009, it was composed of senior representatives of bank supervisory authorities and

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...

s of the European Union. On 1 January 2011, this committee was succeeded by the European Banking Authority (EBA), which took over all existing and ongoing tasks and responsibilities of the Committee of European Banking Supervisors (CEBS). The European Banking Authority was established by Regulation (EC) No. 1093/2010 of the European Parliament and of the Council of 24 November 2010.European Banking Authority
/ref> Its role was to: * Advise the European Commission, on the latter's request, or within a time period the Commission may have set depending on the urgency of the matter, or acting on its own behalf, in particular as regards the preparation of draft measures in the scope of lending activities. *Contribute to the consistent implementation of EU directives and the convergence of financial supervisory practices in all member states of the entire European Community. *Improve supervisory cooperation, including exchange of information. European Economic Area countries which are not EU members participated as permanent observers. The other level-3 committees of the European Union in the Lamfalussy process are the Committee of European Securities Regulators and the Committee of European Insurance and Occupational Pensions Supervisors.

History

So the

's decision (2009/78/EC) of 23 January 2009, "for reasons of legal security and clarity", repealed, in its 16th article Decision 2004/5/EC, which changed the legal framework of the committee. On 1 January 2011, the committee was superseded by the European Banking Authority.

Roles (tasks)

In particular, according to article 2 of the Decision 2009/78/EC, According to article 3 of the same Decision, According to article 4 of same Decision, According to article 5: Article 6:

Structure (organisation and operation)

According to articles 7–15 of the Decision 2009/78/EC: Article 7: Article 8: Article 9: Article 10: Article 11 Article 12 Article 13 Article 14 Article 15

Location

The office of the Secretariat of the CEBS was located in the City of London, UK.

References

External links