Committee of European Banking Supervisors

The Committee of European Banking Supervisors (Committee of European Banking Supervisors, CEBS) was one of the European Union ( EU) level 3 committee within the Lamfalussy procedure. It was founded, according to a European Commission decision of 5 November 2003. These were an independent Committee of European Banking Supervisors, based in London. His work took the Committee in January 2004. By decision of the European Commission of 23 January 2009 establishing a European System of Financial Supervisors CEBS has risen with effect from 1 January 2011 in the European Banking Authority ( European Banking Authority, EBA).

Role and composition

Task of the committee was under the Lamfalussy process to promote cooperation in the banking sector and regularly exchange information. The committee should help to ensure that the directives of the European Community are uniformly implemented and the supervisory practices of Member States closer together. It should improve the banking supervisory cooperation, including the exchange of information regarding individual supervised institutions.

The CEBS was composed of senior representatives of national banking supervisory authorities and central banks of the EU and the European Central Bank (ECB). Representatives from countries in the European Economic Area outside the EU enjoyed a status as permanent observers. The European Commission, the chairman of the Banking Supervisory Committee of the European Central Bank and the Chairman of the Groupe de Contact, the main working group of CEBS participated as permanent observers.

The Federal Republic of Germany was represented by representatives of the Deutsche Bundesbank and the Federal Financial Supervisory Authority.