Part VI Bank Group Supervision, 26 Cross-Border Supervision of Bankroups
- Bank supervision — Banks and cross-border issues
26.01 The cross-border supervision of banks is a topic which has ranked high on the list of ‘hot’ banking regulatory topics over the last few years. In the modern financial markets banks tend to be international whilst regulators tend to remain national, and any suggestion of pooling of powers or competences between national regulators may soon lead to undesirable national political consequences. However, it is also generally accepted that this particular issue cannot safely be filed under ‘too difficult’ for the foreseeable future. Some of the most complex bank...