CEBS has established a Consultative Panel of representatives of market participants and end-users to assist in the performance of CEBS' functions and to ensure that the consultation process functions effectively. The Panel acts also as a “Sounding Board” for CEBS in strategic issues.

According to its Charter the role of the Panel is to:

• Express views on the work programme of CEBS;
• Provide comments on the way in which CEBS is exercising its role and, in particular, the adequacy of the consultation with the market actors, consumers and end-users.
• Assist CEBS in the definition of priorities;
• Alert CEBS on regulatory inconsistencies in the Single Market and suggest areas for Level 3 work;
• Inform CEBS on major financial market evolutions.