European Banking Authority's more transparency is welcomed by the Ombudsman

The inquiry opened against the Committee of European Banking Supervisors (CEBS) has been closed by the European Ombudsman after its successor, the European Banking Authority (EBA), published a list of participants in a public hearing about remuneration policies for the European financial sector.

The latest result follows a complaint by a Swedish trade union representative who had participated in a meeting and whose request for access to the list of participants was initially denied by CEBS. In October 2010, the Committee of European Banking Supervisors organised a public hearing on draft guidelines on remuneration policies for the European financial sector. A representative of a Swedish trade union for employees in the financial sector participated in the hearing. In November, he asked the CEBS for access to the list of participants, which it denied as explained. The complainant then turned to the Ombudsman.

The CEBS became the European Banking Authority (EBA) in January 2011 and it took over responsibility for replying to the Ombudsman. The EBA stated that it was making all the necessary efforts to comply with EU transparency rules and disclosed the requested list.

Any EU citizen, resident, or an enterprise or association in a Member State, can lodge a complaint with the Ombudsman. This body investigates therefore complaints about maladministration in the EU institutions and bodies. After the satisfactory result, the complainant thanked the EBA for its cooperation and the Ombudsman for his work.