It is composed of representatives of the banking supervisory authorities and central banks of the European Union and its task is to provide technical advice to the Commission regarding legislative and regulatory proposals in the field of banking, as well as to promote the uniform application of Community directives and the convergence of supervisory practices in the member states.
The internationalization of the Italian banking system Spurred by competition and privatizations, the Italian banking system has made significant advances in the last ten years with regard to the average size of intermediaries and the range of services offered. Efficiency has improved; efforts must continue, above all within recently formed groups, to increase the integration of operating structures and the effectiveness of risk-management systems.