BRUSSELS, Jan 26 (Reuters) – European Union banking supervisors will again test of the banking system’s ability to withstand shocks, a top regulatory official said on Tuesday.
“For 2010 another exercise is scheduled,” Giovanni Carosio, chairman of the Committee of European Banking Supervisors (CEBS) told the European Parliament.
LONDON, Dec 21 (Reuters) – European Union bank supervisors unveiled draft guidelines on Monday to apply lessons from a trading scandal that forced Societe Generale to book billions of euros in losses.
The Committee of European Banking Supervisors (CEBS), made up of national banking regulators from the 27 EU states, said it would consult on its guidelines that are due to take effect by the end of 2010.
They flesh out how high level risk management and remuneration principles should be applied to control risks in trading activities to make fraud harder to hide.
By Huw Jones
LONDON, Sept 22 (Reuters) – Banks in the European Union must have a cash buffer to survive the first month of a crisis, regulators said on Tuesday, sparking industry concern that cross-border groups will face a new patchwork of rules.
