On November 6, the EU Committee of European Banking Supervisors (CEBS) published the first part of its technical advice reviewing its treatment of large exposures, produced in response to the European Commission’s call for CEBS’s advice on the EU's large exposures regime.

CEBS recognized shortcomings of the existing regime and proposed an amended limits-based "back-stop" regime. The advice also included an analysis of non-EU countries' approaches to large exposures.

 http://www.c-ebs.org/press/06112007LEPart1.htm