Large banks can expect to be on the receiving end of enhanced supervisory intensity
The Financial Stability Board (FSB) has undertaken a cross-country review of the supervisory approaches being applied and developed for global systemically important banks (G-SIBs). Although focused mainly on G-SIBS, all large banks can expect to be on the receiving end of similar types of enhanced supervisory intensity.
In particular, the review (PDF 1.4 MB) highlights moves by national supervisors to enhance their:
The FSB encourages national supervisors to continue on this path to more intensive supervision, with particular mention of:
The FSB also warns that supervisory authorities need to:
To those facing off against the ECB and the PRA in London a lot of this is quite familiar.