IWCFC today received a call for technical advice on supervision in third countries (IWCFC CfA No. 2)
The Commission's call for advice asks the Interim Working Committee on Financial Conglomerates (IWCFC) – the joint working committee of CEIOPS and CEBS - to provide technical advice according to the requirements of Directive 2002/87/EC (Financial Conglomerates Directive) on the arrangements for supplementary supervision in third countries: in Switzerland and the USA.
A similar call for advice has been sent to the Committee of European Banking Supervisors (CfA No. 9)
The joint Advice has been published under the following link: Publications/Advice/2008/CEBS and CEIOPS publish joint technical advice on the equivalence of supervisory arrangements in Switzerland and United States