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Subjects / Regulatory Relations

Newsletter Dec 2005: Academics call for board to oversee the supervisors

Staff | February 21, 2007

One proposal for monitoring the actions of national bank supervisors and limiting their scope to take discretionary decisions would involve the creation of a European Banking Oversight Board, perhaps located at the European Central Bank in Frankfurt. This idea has been advanced by a group of 15 academics from 12 European countries and the US that form the European Shadow Financial Regulatory Committee (ESFRC).

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