Until the first Basle Concordat of 1975 banking supervision (and regulation) was a domestic affair. As a response to the growth in international banking and some major crises, such as the collapse of Herstatt in Germany, the supervisors of the ‘Group of Ten’ countries, together with those of Switzerland and Luxembourg, established a means of co-ordinating their banking supervision (Hall, 1989). This so-called Basle Committee introduced joint responsibility of the home and host country supervisors for international banks, with a primary role for the home country supervisor, who should be able to examine international banks on a consolidated basis. Consolidated supervision enables the supervisor to get an overview of the total ‘group’ exposure. The European Commission has also laid down the concept of home country supervision in its Second Banking Directive.
Weitere Kapitel dieses Buchs durch Wischen aufrufen
- Home Country Deposit Insurance?
- Palgrave Macmillan UK
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