The Committee of European Banking Supervisors (CEBS) has published a consultation paper containing draft guidelines for the operational functioning of supervisory colleges.
The consultation paper responds to the requirements in the revised Capital Requirements Directive (CRD) according to which CEBS should elaborate guidelines for the operational functioning of supervisory colleges. The draft guidelines also seek to complement the CRD provisions related to supervisory cooperation and coordination providing EU regulators with guidance for the performance of tasks within the supervisory college framework.
The deadline for comments on the consultation paper is 31 March 2010. A public hearing will also be held at the CEBS premises in London. Details of this hearing will be posted on the CEBS website in due course.
View CEBS publishes draft guidelines for the operational functioning of colleges, 17 December 2009