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On the occasion of the 9th European Financial Markets Convention in Brussels the Chair of the Committee of European Banking Supervisors (CEBS) presented the perspective on the convergence of supervisory practices and co-operation between European banking supervisors.
“CEBS will need to look outside of Basel II when considering possibilities for future convergence of supervisory practices and building a common supervisory culture” Mr Roldan said. “On a broader level, I think we can do more to promote the cross-fertilisation of ideas and tools between the three sectoral committees that will help up achieve our common aims.”
Referring to the examples of Financial Conglomerates and Reporting requirements mr Roldan mentioned that “cross-sectoral co-operation is a key priority for all three sectoral committees.”