First glimpse of CEBS's Pillar II at op risk event
LONDON --An official from the Committee of European Banking Supervisors (CEBS) gave attendees at the first annual Risk-Based Compliance conference in London a sneak preview of how its consultation paper on Pillar II -- due to be issued in early to mid-2005 -- might look. The consultation paper will seek to be "a compendium of what is pillar II", according to Alan Houmann, deputy secretary general at the CEBS.
The CEBS was formed earlier this year to help bring bank supervisory practices in the EU's 25 countries into line with each other -- said the organisation is in the process of digesting responses to its first consultation paper on Pillar II, which was issued in May this year. Within the EU, the CEBS is a level three organisation, which means it must flesh out what the legal directive text -- such
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