The European Commission has launched a consultation on the improvement of supervision for the financial services sector. It is inviting any interested parties to submit their comments on the proposals on financial supervision made in the de Larosiere report and in the Commission communication of the 4th March 2009. The plan is that the Commission will produce a communication towards the end of May which will set out its proposals on the future of the EU supervisory framework followed by specific legislative measures in the autumn of 2009.