New EU supervisors group to be created for CAD implementation

The EU Commission has indicated the need for the creation of "a new high-level forum of European supervisors" to help implement the EU's capital adequacy directive (CAD) by the 2006 deadline evenly across the region. The new draft CAD also requires increased supervisory disclosure.

The CAD, which is being drafted at the moment by the EU Commission and will be sent to the EU parliament early in 2004, will be implemented across banks and investment firms within the region – including countries that plan on joining the European Union in 2004. The EU Commission noted that in the current draft of the CAD, “there remains, however, as pointed out by respondents, significant scope for supervisory discretion under the new framework. This gives rise to the potential for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here