Basel Committee consults on good practice for supervisory colleges

The Basel Committee on Banking Supervision has opened a consultation over a set of principles to promote and strengthen supervisory colleges operating across different jurisdictions.

The colleges are an important component in the oversight of international banking groups. How they work has a big impact on the day-to-day running of financial institutions, and in forestalling or resolving a crisis. In the wake of the financial crisis, their role is being strengthened to overcome what many