Newsletter Nov 2005: EU body issues guidelines for supervisory transparency

LONDON – Guidelines aimed at making the actions of European supervisors more transparent were published at the beginning of November by the London-based Committee of European Banking Supervisors (CEBS), which provides advice to the EU on technical financial issues. These guidelines are needed because, under the Capital Requirements Directive that is about to become law in the 25-country European bloc, it is not just banks that will have to become more transparent, but their supervisors too.