The EESC issues between 160 and 190 opinions and information reports a year.
It also organises several annual initiatives and events with a focus on civil society and citizens’ participation such as the Civil Society Prize, the Civil Society Days, the Your Europe, Your Say youth plenary and the ECI Day.
The EESC brings together representatives from all areas of organised civil society, who give their independent advice on EU policies and legislation. The EESC's326 Members are organised into three groups: Employers, Workers and Various Interests.
The EESC has six sections, specialising in concrete topics of relevance to the citizens of the European Union, ranging from social to economic affairs, energy, environment, external relations or the internal market.
considers it vital to preserve the "biodiversity" of the financial system, without this meaning the arbitrary application of rules;
applauds the consideration the European Commission has given to the introduction of calibrated financial regulation frameworks to consider the specificities of cooperative and savings banks that avoid the undesirable effects of uniform application of prudential rules and possibly an overload of administrative burdens;
reminds that the main problem remains the adequate application of the proportionality principle in the new banking rules (especially regarding the Capital Requirements Directive – CRD IV and the Capital Requirements Regulation - CRR);
is of the opinion that the strictest requirements should apply to global banks, stringent requirements should apply to pan-European banks (of a systemic nature in Europe) and more flexible requirements should apply to national and local banks;
has always been committed to a level playing field, and therefore recommends the use of objective parameters that justify a specific regulation for each business model. ( financial and economic performance, contribution to the real economy, risk management, and governance);
proposes that the financial authorities should offer incentives to those actors who best comply with these conditions, and calls for stronger ethical standards and codes of good governance for all kind of banks, as these are vital for restoring lost confidence.