The functioning of supervisory colleges has received a lot of attention over the last years and it was, therefore, decided that this was an appropriate topic for peer review. The focus of the review was on the methods employed by supervisory authorities in the setting up and functioning of supervisory colleges and to identify good practices.

On the basis of our peer review methodology, the functioning of colleges has been assessed against a set of reference documents, i.e. the relevant provisions of the CRD, the CEBS-CEIOPS 10 common principles (January 2009) for colleges of supervisors, the ‘Template for the Multilateral Cooperation and Coordination Agreement for the supervision of the XY Group’, and the Guidelines for cooperation between consolidating supervisors and host supervisors’.

Against this background, the Review Panel prepared a questionnaire which was completed, as a self-assessment, by the competent authorities from a sample composed of 17 supervisory colleges. The factual results of this self-assessment phase were endorsed by the Review Panel in April 2010.
The Peer Review report presents the outcome of the review performed by the Review Panel between 26 April and 8 June 2010, together with a series of good practices for improving the functioning of colleges.