It is composed of the representatives of the banking supervisory authorities of the EU countries, either forming part of the respective NCB or separate bodies, and the ECB. The Committee facilitates cooperation among supervisors and the exchange of information between supervisors and the Eurosystem, and assists the Eurosystem in performing its duties in this field.
The Committee has already established its functions and developed activities in several useful fields. It has also published a number of reports dealing with the structural changes and systemic concerns in the EU banking system.