BIS Review 55/2006  3  The Committee of European Banking Supervisors (CEBS) The CEBS, as part of the Lamfalussy framework, is the institutional committee that brings together all the banking supervisors of the EU countries and the central banks, including the ECB, as observers.
The CEBS has three main tasks: •  to provide advice to the Commission;  •  to ensure the consistent implementation of Community legislation in the banking sector and the convergence of supervisory practices; and  •  to promote supervisory cooperation and exchanges of information. The CEBS has an advisory role within the EU legislative procedure.