In his speech at the Institute of International Bankers Conference, Callum McCarthy (Chairman, FSA), discusses how international banks and national supervisors should work together to deal with:

  • The problem of international banks being subject to multiple regulatory regimes, whose requirements are duplicative and, sometimes, mutually incompatible.
  • The scale of international regulatory initiatives with which international banks have to cope with.
  • The challenge of the major banking regulatory initiative, Basel II.