The Basel Committee on Banking Supervision has published a consultation paper on revised good practice principles for supervisory colleges. Supervisory Colleges are, effectively, working groups of supervisors of the parent company and key branches or subsidiaries
of an international banking group which share information and coordinate supervisory activities related to implementation of Basel standards, especially for large internationally active banking groups.
The original good practice principles were first published in October 2010. This consultation paper updates the principles following a review of practical challenges in their implementation and possible areas of additional best practices.
The key changes include the following:
Comments are requested by 18 April 2014.
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