Basel Committee outlines principles for good supervisory colleges
The Basel Committee on Banking Supervision on Tuesday issued eight principles to guide the effective operation of supervisory colleges, which will play in key role in cross-border financial supervision.
Supervisory colleges are groups of national regulators tasked with overseeing the same banks.
The new guidelines incorporate the comments received from a public consultation launched in March. "These principles are... designed to help both home and host supervisors ensure that they work as
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