Work on building supervisory colleges across the EU is accelerating, as these fledging entities are being put on the battlefront of crisis prevention. But Arnoud Vossen, secretary-general of the Committee of European Banking Supervisors (Cebs), in an exclusive interview with Operational Risk & Regulation, makes it clear that it is important to build the colleges with solid foundations if they are to withstand another financial hurricane.

Proposals issued last week by the European Commission's