Newsletter Mar 2005: EU Commission will look at how impediments to consolidated supervision can be removed. Bankers wan

Senior officials at the EU Commission in Brussels believe that the various national impediments preventing a single supervisor from overseeing the European operations of each cross-border banking group could be overcome by 2009. The removal of these impediments could pave the way for European cross-border groups to allocate regulatory capital according to the demands of their business activities, rather than the requirements of multiple national supervisors. And, it would allow such groups to report to one, consolidating - or lead - supervisor, usually the home supervisor in the country where the group is headquartered.