The Committee of European Banking Supervisors (CEBS) has published today its draft consultation paper on the Guidebook on Internal Governance (CP 44) aiming at enhancing and consolidating supervisory expectations in order to improve the sound implementation of internal governance arrangements.
CEBS submits its initial views for a public consultation which starts today and runs until 14 January 2011. The consultation is open to all interested parties, including supervised institutions and other market participants. Comments received will be published on CEBS’s website unless respondents request otherwise. Please send your comments to the following email address: firstname.lastname@example.org.
A public hearing will be held on 15 December 2010 at CEBS’s premises in London, from 10:00 to 13:00 to allow interested parties to share their views with CEBS.
CEBS expects its members to implement the Guidebook on Internal Governance and to incorporate it within their supervisory procedures by 30 September 2011. After that date, members should ensure that institutions comply with it effectively.
Registration forms should be submitted by Wednesday 8 December 2010.