The Committee of European Banking Supervisors (CEBS) organised a public hearing open to all interested parties on 11 July 2007 in London. On 15 June 2007, CEBS submitted for public consultation its initial views on key basic concepts of a large exposures regime in the EU as part of its response to the first part of the European Commission's second call for advice (CP14). In the context of the ‘Better Regulation’ agenda, CEBS also put forward some preliminary results from its market and regulatory failure analyses. The objectives of the public hearing were to hear about the range of market participants’ views on CEBS’ proposals, coming from large sophisticated institutions as well as from smaller or less sophisticated institutions, and to receive input from them on key technical issues identified in the Consultative Paper. Participants were invited to submit their written contributions no later than 15 August 2007 to cp14@c-ebs.org