Progress report on supervisory colleges published by the Basel Committee

Press release  | 
15 July 2015

The Basel Committee on Banking Supervision has today issued the Progress report on the implementation of principles for effective supervisory colleges.

Supervisory colleges play a valuable role in the supervision of internationally active banks by assisting members in developing a more comprehensive understanding of a bank's risk profile, both globally and in major jurisdictions, and providing a framework for addressing topics that are highly relevant to the supervision of the group.

The purpose of supervisory colleges is to more effectively supervise global systemically important banks (G-SIBs) and other internationally active banking groups by strengthening information-sharing among supervisors, helping the development of a common understanding of risk in banking groups, promoting a shared agenda for addressing risks and vulnerabilities, and providing a platform for communicating key supervisory messages among college members.

The Basel Committee first published good practice principles on supervisory colleges in 2010 and released a revised set of Principles for effective supervisory colleges in 2014. The Committee has continued to monitor the implementation of the principles and to review the effectiveness of colleges. The progress report published today sets out the detailed findings of the Committee's follow-up work. In general, the report indicates considerable progress in the functioning of supervisory colleges in recent years. It highlights challenges faced by supervisors in running effective supervisory colleges as well as the practical approaches taken to address them.