CEBS defends record
LONDON – The accomplishments of the Committee of European Banking Supervisors (CEBS) over the past 12 months were outlined by Danièle Nouy, vice-chair of the organisation, at a British Bankers’ Association conference in London in mid-October. Although industry reaction was generally supportive, there was some mild criticism from the audience of the CEBS’s progress to date.
For example, Nouy, also secretary general of France’s Commission Bancaire, noted that the CEBS would be increasing its focus on the supervisory disclosure element of the Capital Requirements Directive (CRD), as a way to bring about improved supervisory convergence and consistent implementation of the CRD across national boundaries. Disclosure is a "powerful tool", said Nouy, who joked about the new CEBS requirements to disclose certain standard information on the Commission Bancaire website in
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