
Basel Committee issues home-host sharing guidelines for Basel II
The paper stresses, for example, the importance of flexibility and pragmatism in sharing information, but acknowledges local confidentiality laws should be taken into account to facilitate the smooth implementation of Basel II. It also notes that approaches among supervisors may differ with regard to Pillar II and that an in-depth discussion may be required between home and host supervisors on Pillar II and its impact.
“As supervisors implement Basel II on a bank-by-bank basis, this paper will assist them in developing effective information-sharing processes,” said Jaime Caruana, chairman of the Basel Committee and governor of the Bank of Spain. “We need to foster more effective supervisory cooperation, which is key to the success of implementing Basel II.”
The consultation paper was developed in association with the Core Principles Liaison Group, a Committee working group that includes banking supervisors from sixteen non-Committee member countries, and invites comments to be submitted by February 28, 2006.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Basel Committee
Risk management
Union beckons for the three quant tribes
Studies may be deferred, but future for grads is bright, argues UBS’s Gordon Lee
Receive this by email