New home-host guide from CEBS

Speaking at the Global Risk Management Summit in Monte Carlo in late April, secretary general of CEBS, Andrea Enria, indicated that international banks tend to capture loss data and manage op risks at a mixture of the legal entity and group level, making the allocation of capital to local jurisdictions a thorny process. He says the new consultation paper will provide guidance on how supervisors should interact under the EU home-host framework. Thomas Schmitz-Lippert, head of the department o