The European Commission has published a press release stating that it is launching a consultation on the improvement of supervision for the financial services sector. However, before making its proposals, the Commission invites any interested parties to submit their comments on the de Larosière report and the subsequent Commission Communication for the Spring European Council.

In May 2009, the Commission will put forward to the June 2009 European Council a detailed plan for revising the European supervisory architecture based on the de Larosière report. It intends to bring forward legislative proposals on the new supervisory framework in the autumn.

View Commission consultation on the improvement of supervision for the financial services sector, 10 March 2009