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.
welcomes the detailed package of measures and, more specifically, the strengthening of the prudential banking framework for limiting contagion and arbitrage risks;
welcomes the efforts to boost transparency;
recommends stepping up the pace and focusing work on legislation on transferable securities, as securities financing transactions - especially repurchase agreements and securities lending transactions - play a central role when it comes to excessive indebtedness in the financial sector;
recommends intensifying and accelerating action to clarify the crucial issue of strengthening oversight of the shadow banking sector;
recommends bolstering the regulatory initiatives regarding the protection of citizens by means of transparency, proper information, social responsibility on the part of the financial sector, and protection for consumers and small investors;
considers that the Communication should point out that the shadow banking sector should not be seen solely in terms of the risks that it poses. It also constitutes an additional alternative financing channel that can be useful for the real economy.