The Committee of European Banking Supervisors (CEBS) has published a consultation paper on high-level principles for risk management.
CEBS has decided to develop a set of overarching high-level principles of risk management which would consolidate its existing principles and guidelines on risk management. The high-level principles proposed by CEBS should be considered by both institutions and supervisors within the supervisory review framework under Pillar 2. They should be implemented by institutions as part of the ICAAP and reviewed by supervisors as part of the SREP.
Comments are invited by 10 July 2009.
View CEBS consults on high-level principles for risk management, 8 April 2009