Author: Karel Lannoo
1) The European Council should formally mandate the High-Level Expert Group on EU financial supervision to analyse the optimal structure of financial oversight and propose concrete steps leading to a European System of Financial Supervisors;
2) A European Financial Institute should be created to lay the groundwork for the establishment of the European System of Financial Supervisors; and
3) The European System of Financial Supervisors should be given definitive target date to commence operations.
1st meeting: 10 Mar 2008
2nd meeting: 3 June 2008
3rd meeting: 1 Oct 2008