CEB Surges supervisory consensus
BRUSSELS – The head of the Committee of European Banking Supervisors (CEBS) has warned that developing common supervisory guidance at the EU level may fail to deliver the desired results if regulatory staff in different countries remain anchored to different professional cultures and expertise.
"Convergence of supervisory practices is not a simple endeavour; supervisors from 25 countries need to reach a consensus on very technical and complex issues, often respecting very tight deadlines," said the chair of the CEBS, Jose Maria Roldan, speaking to the European Parliament Committee on Economic and Monetary Affairs in mid-October. However Roldan also said supervisors need to capture risks
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