Cebs releases template for supervisory college agreements
Daily news headlines
Cebs issues a standard document for supervisory college agreements
LONDON - The Committee of European Banking Supervisors (Cebs) has produced a revised template for written agreements within colleges of supervisors. Cebs field-tested the template in the first half of 2008 to judge its operational use, which it says is flexible enough to be employed in practice.
Since mid-2006 Cebs has developed the use of supervisory colleges for European national regulators to collaborate and share information for the cross-border supervision of the European Union (EU)'s 17 largest banks. It published the first results of its work in December 2007.
The field-testing has been conducted on eight out of the 10 supervisory colleges participating since the beginning of Cebs' project on operational networks. Cebs says the template was in most cases adapted to the specific banking groups, after which it was discussed among supervisors participating in the respective colleges.
No legal obstacles have been encountered within testing. The crisis management section was shortened and reference made to the memorandum of understanding on cross-border financial stability. The paper has also been more generally streamlined, to remove elements also to be found in either Cebs guidelines or the revised EU Capital Requirements Directive approved by the Ecofin Council on December 2, 2008.
The document can be downloaded here.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Regulation
Banks will not be frowned upon for discount window borrowing – Fed official
Risk Live: more banks have completed paperwork to access Fed lending facility than a year ago
Capital One puts OCC’s tough stance on mergers to the test
Proposed Discover deal should be approved but will go under the microscope, ex-regulators say
As FCMs dwindle, regulators fear systemic risk
Panellists highlight dangers of clearing membership becoming more concentrated
EU banks fear green asset ratios paint an unfair picture
Industry lobbyist clashes with lawmaker over usefulness of new sustainability disclosure
EU watchdogs to launch prop trader capital review in April
Prop traders say bank-style IFR rules are driving them out, but doubt EBA will suggest changes
Investors say new SEC disclosures may sit on shelf
Advisory committee questions value of rule 605 changes, even for retail investors
CFTC hears ‘call to action’ from swaps end-users on Basel III
Commissioner Pham mulls engaging with prudential regulators over capital hit on clearing
Iosco gears up for ‘intensive work’ on AI regulation
Watchdogs risk ‘falling behind the curve’, secretary-general warns; FSB also working on guidance
Most read
- As FCMs dwindle, regulators fear systemic risk
- Options market still searching for cause of the Vix plunge
- Top 10 op risks: AI fears drive cyber risk to record high