EU regulators look to strike right home-host balance
BRUSSELS -- The ‘home-host’ issue is beginning to fray nerves within the EU as regulators attempt to strike the right balance between the role and responsibility of home and host supervisors in overseeing both the credit and op risk portions of the Basel II framework.
Some European federalists are already calling for the establishment of a single, Europe-wide supervisor to regulate financial services. Having such a regulator would be far easier than trying to co-ordinate 25 separate national regulatory regimes, they argue, and establishing such a scheme would jump-start overall financial integration.
Tomasso Padoa-Schioppa, a member of the board of the
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