EU supervisory committee to be established

He was speaking at a British Bankers’ Association conference in London yesterday morning. He added that the new committee “will play a central role in promoting consistency” of adoption and implementation of the Basel revisions between regulators, which is a concern among internationally active financial institutions.

Thebault also indicated that small changes would be made to the operational risk proposals contained in the current version of the CAD before final publication in June. Small

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