Good Practice Principles on Supervisory Colleges - 01/07/10

1 Jul 2010

IBFed has set out its views on draft Good Practice Principles for Supervisory Colleges published by the Basel Committee of the Banking Supervision (BCBS).  The consultation paper proposes eight principles with the aim of promoting and strengthening the operation of supervisory colleges.  In responding, IBFed offered support for the principles in terms of enhancing the supervision of cross-border banks but stressed that the principles could be more ambitious and that regulators should shape each college to reflect the more characteristics of the firm being supervised.

The IBFed response is available here.

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