Press Release: High Level Expert Group on EU financial supervision to hold first meeting on 12 November

The independent High Level Group on financial supervision set up by Commission President José Manuel Barroso and chaired by Jacques de Larosière will hold its initial meeting on 12 November. The Group will make recommendations to the Commission on strengthening European supervisory arrangements covering all financial sectors, with the objective of establishing a more efficient, integrated and sustainable European system of supervision and also of reinforcing cooperation between European supervisors and their international counterparts. The full mandate for the Group is attached.