Brussels, 14/10/2002 (Agence Europe) - The Commission has launched consultation measures for the extension of the "Lamfalussy method" to the banking and insurance sectors, on the basis of the Economic and Financial Committee report approved on 8 October by the ECOFIN Council (see EUROPE 7/8 October p 11 and 10 October p 10). The report proposes the creation of new committee structures, on the model of the structure put into place for speeding up the adoption of European legislation on stock exchanges. The objective to speed up the legislation, by delegating to the Commission (assisted by committees) the adoption of the general directives measures for implementation. The new structure also aims to improve the monitoring and prevention of financial crises. Interested parties have until 17 November to make their position known. The draft of the EFC report can be found on the Internet site (http: //http://www.europa.eu.int/comm/internal_/en/finances/cross-sector/index.htm ) and replies must be address to the Commission (Markt-C3@cec.eu.int).