CEBS started a public consultation on the establishment of a mediation mechanism between banking supervisors. The mediation mechanism should primarily focus on the Capital Requirements Directive and related CEBS Guidelines, as supervisory competent authorities are currently mostly dealing with issues arising from the implementation of Basel II.
The objective is to support the application of the already existing cooperation tools among supervisory competent authorities such as CEBS Guidelines related to validation and to home/host cooperation in the context of the Operational networks.
Potential areas include:
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The processes for consultation of other relevant competent authorities in advance of decisiontaking by a specified competent authority;
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Exchange of information;
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Processes for joint agreement or decisiontaking among competent authorities; and
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Other potential general cases relating to cooperation between competent authorities.
It is intended to test the mechanism in 2008 and review it in two years time.
Deadline for consultation is 19 June 2007.
A public hearing on the Consultation Paper will take place on 29 May 2007.
Registration form
Consultation document
© Graham Bishop
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