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The Special Committee on the Financial, Economic and Social Crisis (CRIS) was a
special committee A committee or commission is a body of one or more persons subordinate to a deliberative assembly. A committee is not itself considered to be a form of assembly. Usually, the assembly sends matters into a committee as a way to explore them more ...
of the
European Parliament The European Parliament (EP) is one of the legislative bodies of the European Union and one of its seven institutions. Together with the Council of the European Union (known as the Council and informally as the Council of Ministers), it adopts ...
. It was created in October 2009 to assess the fallout from the great financial crisis and make recommendations to prevent a similar upheaval.http://www.euractiv.com/financial-services/parliament-opens-enquiry-financial-crisis/article-186444 A significant resolution was adopted in October 2010. It is codified in what is known as a mid-term report, however, because the mandate was extended to July 2011. Then, a final resolution was adopted. The work of the committee is important in relation to drafting policy in the areas of EU financial supervision and
governance Governance is the process of interactions through the laws, social norm, norms, power (social and political), power or language of an organized society over a social system (family, tribe, formal organization, formal or informal organization, a ...
, in the context of the
European sovereign debt crisis The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, is a multi-year debt crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s. Several eurozone membe ...
.


Members


See also

* Wall Street and the Financial Crisis: Anatomy of a Financial Collapse *
European System of Financial Supervisors The European System of Financial Supervision (ESFS) is the framework for financial supervision in the European Union that has been in operation since 2011. The system consists of the ''European Supervisory Authorities'' (ESAs), the European Syst ...
*
Committees of the European Parliament The committees of the European Parliament are designed to aid the European Commission in initiating legislation. Standing committees are made up of Members of the European Parliament (MEPs), who are directly elected to the seats in the European ...


References


External links


CRIS' official webpage

The CRIS final report


Economic An economy is an area of the Production (economics), production, Distribution (economics), distribution and trade, as well as Consumption (economics), consumption of Goods (economics), goods and Service (economics), services. In general, it is ...
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