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The Committee of European Banking Supervisors (CEBS) – one of the Level 3 Lamfalussy Committees – has issued a template for agreements on the cooperation within the colleges. Among the objectives of the colleges is facilitating the exchange of information, views and assessment among supervisors in order to ensure consolidated supervision of the group, and furthermore to enable supervisors to develop a common understanding of the risk profile.



CEBS has also – together with one of the other Lamfalussy Committees, Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) – issued a set of common principles, guiding the functioning of the colleges. Both the template and the common principles are developed on the base of the existing supervisory experience, including the recent experience of crisis. The template furthermore suggests how the colleges should prepare for a crisis situation and how to manage and cooperate in situation of crisis



The guidelines and template are in line with the rules on supervision colleges proposed in the revision of Capital Requirement Directive (CRD). The CRD proposal is subject to discussion in the European Parliament’s Economic and Financial Affairs Committee on 2 February 2009.



More information about the principles and the template can be found on CEBS website

http://www.c-ebs.org/News--Communications/Latest-news.aspx



Read more about the proposal on CRD amendments from the Commission here

http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1433&format=HTML&aged=0&language=EN&guiLanguage=fr