The role of the Committee shall be to advise the Commission either at the Commission's request, within a time limit which the Commission may lay down according to the urgency of the matter, or on the Committee's own initiative, in particular as regards the preparation of draft implementing measures in the field of banking activities.
The Committee shall contribute to the consistent application of Community directives and to the convergence of Member States' supervisory practices throughout the Community.
It shall enhance supervisory cooperation, including the exchange of information on individual supervised institutions.