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European financial regulators list cooperation principles.
(From InsuranceNewslink.com)
The Committee of European Banking Supervisors (CEBS) and the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS), together with their Interim Working Committee on Financial Conglomerates (IWCFC), have published ten principles for the functioning of supervisory colleges.
Since their establishment, the committees have actively worked on enhancing cooperation between the different supervisory authorities involved in the supervision of the cross-border groups, through enhancing the functioning of colleges of supervisors.
Aside from the separate work done by each committee, the committees have jointly prepared ten common principles which are relevant for the banking, insurance and financial conglomerates sectors, regarding the functioning of colleges of supervisors. These common ...
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