IBFed comments on supervision of financial conglomerates - 20/03/12

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 here.


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

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.


IBFed submits its responses to the Basel Committee on Banking Supervision -16/04/10

Simon Hills, chair of the IBFed's Basel Working Party said "We look forward to working with the Basel Committee to refine their proposals so that a coherent, harmonised and realistic set of measures is introduced over the coming years".

Here is the IBFed Response to the Basel Committee's Consultation Document Strengthening the resilience of the banking and here is the IBFed Response to the Basel Committee's Consultation on Liquidity (CD165).


Banks call for Colleges of Supervisors to Better Manage Risk -12/01/10

A more globally coordinated approach to liquidity reporting by banks is needed the International Banking Federation [IBFed] said today. The IBFed called on the Basel Committee to use colleges of supervisors to help tailor liquidity reporting requirements for individual banks, based on a menu of different reporting options.

The IBFed news release is available here.


Colleges of Supervisors will help global economy through the downturn, says IBFed – Nov 2008

Cross-border cooperation between the supervisors of major financial firms is essential to ensure commerce continues smoothly through the downturn, the International Banking Federation reports.

The IBFed paper is available here.

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