Bank Of England Unveils Proposals For Risk-Based Bank Supervision
THE Bank of England (BoE) has unveiled draft proposals to significantly beef up its surveillance of internal risk procedures at UK-based banks.
The BoE outlined its new approach in a 36-page study, entitled A Risk Based Approach to Supervision, released at the end of last month.
At least one industry observer has criticized the proposals, arguing that they are too invasive and hands-on in their approach to regulation.
On-site inspections
According to the study, the BoE's surveillance and supervision
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