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The document reflects current good practices that some supervisors of large EU cross-border banking groups have established or are currently developing to shape their co-operation within Colleges of supervisors under the scope of legislation currently in force.
The good practices build upon the progress already achieved by CEBS in fostering home-host co-operation for cross-border supervision, including its Template for a Multilateral Co-operation and Co-ordination Agreement on the Supervision of Cross-Border Groups, its paper on the delegation of supervisory tasks, and the 10 principles for the functioning of Colleges issued jointly with CEIOPS.
The document is intended to pave the ground for the forthcoming guidelines for the operational functioning of Colleges that CEBS is due to prepare when implementing the incoming revisions to the CRD.
CEBS regards the development of supervisory Colleges as a priority and will continue monitoring the setting up and functioning of Colleges.