The physical and evolutionary relation between growing supermassive black holes (AGN) and host galaxies is currently the subject of intense research activity. Nevertheless, a deep theoretical understanding of such a relation is hampered by the unique multi-scale nature of the combined AGN-galaxy system, which defies any purely numerical, or semi-analytic approach. Various physical process active on different scales have signatures in different parts of the electromagnetic spectrum; thus, observations at different wavelengths and theoretical ideas all should contribute towards a large dynamic range view of the AGN phenomenon. As an example, I will focus in this review on two major recent observational results on the cosmic evolution of supermassive black holes, focusing on the novel contribution given to the field by the COSMOS survey. First of all, I will discuss the evidence for the so-called downsizing in the AGN population as derived from large X-ray surveys. I will then present new constraints on the evolution of the black hole-galaxy scaling relation at 1<z<2 derived by exploiting the full multi-wavelength coverage of the survey on a complete sample of ~90 type 1 AGN.
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