The Committee of European Banking Supervisors published a good practices paper on the functioning of Colleges of supervisors for cross-border banking groups.
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 cooperation within Colleges of supervisors under the scope of legislation currently in force.
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.