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IBFed comments on supervision of financial conglomerates

20 Mar 2012

IBFed has broadly welcomed the development of Basel Committee principles for the supervision of financial conglomerates. The response, however, calls for a more formal approach to the designation of group-level supervisors to coordinate the oversight of internationally active groups. The choice of the group supervisor should be based on objective criteria and backed-up by written agreements to provide certainty in times of crisis.

The response is available in full via the link below.

IBFed comments on supervision of financial conglomerates
 
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