European financial supervisionEuropean financial supervisionWhat is Europe doing to respond to the crisis? What are the roles of Member States, Central Banks, and the Commission? What steps the Commission is taking to weather the storm?
7 November 2009
Meeting of Finance Ministers and Central Bank Governors, United Kingdom. Details >> and more >>
25 September 2009
Pittsburgh Summit. Details >>
17 September 2009
Informal European Council. Details >>
4 - 5 September 2009
G-20 Meeting of finance ministers and central bank governors, London. Details >>
7 August 2009
Review of national aid state aid schemes introduced during the financial crisis. Details >>
23 July 2009
Commission guidelines on restructuring aid to banks. Details >>
19 june 2009
European summit. Details >>
13 July 2009
Commission proposes further revision of banking regulation to strengthen rules on bank capital and on remuneration in the banking sector. Details >>
8/10 July 2009
G8 Summit in L'Aquila. Details >>
27 May 09
Communication From EC: European financial supervision. Details >>
7 May 2009
The ECB announced to lower the interest rate on the main refinancing operations of the Eurosystem by 25 basis points to 1.00%. Details >>
5 May 2009
Meetings of finance ministers - Eurogroup and ECOFIN. Details >>
28 April 2009
Commission proposes tax transparency and fair tax competition within and outside the EU. Details >>
2 April 2009
Leaders of G20 met in London. Details >>
19- 20 March 2009
European Summit. Details >>
14 March 2009
Meeting of G20 Finance ministers and central bank governors. Details >>
10 March 2009
Ecofin council. Details >>
10 March 2009
EC is launching a consultation on the future of financial services supervision. Details >>
6 March 2009
EC evaluation of the impact of the economic crisis on pensions. Details >>
5 March 2009
European Central Bank (ECB) further interest rates cuts. Details >>
4 March 2009
Preliminary EC assessment of the de Larosière report and EC contribution to the Spring European Council.
• Communication for the Spring European Council here.
• Annex here >>
• Commission calls on EU leaders to stay united against the crisis, move fast on financial market reform and show global leadership at G20. Details >>
1 March 2009
Informal European Council meeting in Brussels
EU leaders agreed three lines of action focus on building confidence and promoting financial stability, getting the real economy back on track, and on working together at the global level. Details >>
25 February 2009
• Commission Communication on the treatment of impaired assets in the EU banking sector. Details >>
• Presentation of initial recommendations by the de Larosière Group on cross-border financial supervision. Details >>
13 - 14 February 2009
G7 Meeting of Finance Ministers in Rome. Details >>
26 January 2009
Review of the Lamfalussy process
Commission proposal to strengthen supervisory committees and standard-setting bodies for accounting and auditing. Details >>
19 January 2009
Interim forecasts for 2009-2010. Details >>
11/12 December 2008
European Council. Details >>
5 December 2008
Commission Communication on the recapitalisation of financial institutions. Details >>
4 December 2008
European Central Bank (ECB) interest rates cuts. Details >>
26 November 2008
European Economic Recovery Plan. Details >>
18 November 2008
European Parliament plenary session debate on financial crisis. Details >>
15 November 2008
G20 Summit in Washington. Details >>
12 November 2008
• Proposal to regulate credit rating agencies. Details >>
• High Level Expert Group on EU financial supervision to hold first meeting. Details >>
9 November 2008
G20 Meeting of finance ministers and governors in São Paulo, Brazil. Details >>
7 November 2008
Informal European Council meeting in Brussels. Details >>
29 October 2008
Commission sets out a coordinated European recovery action plan. Details >>
18 October 2008
EU Meeting with US President Bush. Details >>
16 October 2008
EU summit calls for reform of the international financial system. Details >>
15 October 2008
• Proposal to increase minimum protection for bank deposits to €100,000. Details >>
• International Accounting Standards (IASs): Changes to mitigate consequences of financial turmoil. Details >>
13 October 2008
Guidance for Member States in their support to financial institutions. Details >>
8 October 2008
Establisment of high-level group.
Mr Barroso, President of the European Commission, established a high-level group to decide how to build more effective European and global supervision for global financial institutions, currently supervised mainly at national level. Jacques de Laroisière, former director of the IMF, was appointed as chairman.