The Committee of European Banking Supervisors (CEBS) was an independent body in charge of advising and coordinating on banking regulation and supervision in the European Union (EU).
Established by the European Commission in 2004, it was composed of senior representatives of bank supervisory authorities and central banks of the European Union.
Its role was to:
- Advise the European Commission either acting upon the latter's request or on its own initiative, 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 by issuing non-binding guidelines, recommendations and standards;
- Improve supervisory cooperation, including exchange of information and training programs;
- Contribute to developing high-quality and common supervisory reporting standards (COREP and FINREP).