The EBA launched a public consultation on standards on colleges of supervisors. The technical standards on colleges detail supervisory activities performed by colleges in going concern and emergency situations.
The draft Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) on the functioning of the colleges of supervisors, launched for public consultation, cover the general condition on the functioning of colleges and how colleges’ supervisory activities should be planned in both normal and emergency situations. The standards aim at facilitating the interaction and cooperation between authorities at EU and global level and strengthening supervision of cross-border banking groups across the EU.
In particular, they detail the conditions for the establishment and functioning of colleges of supervisors, cooperation arrangements between competent authorities of cross-border banking groups and exchange of information necessary for performing key supervisory tasks in a joint and coordinated manner. These technical standards will facilitate the interaction and cooperation between competent authorities while performing this task in an efficient and consistent way.
The consultation is open until October 3, 2014.
Full press release
Full Consultation Paper
Consultation Form
© EBA
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article