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 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.