View the Standard
The document highlights the need for home and host supervisors of internationally active banking organisations to develop and enhance pragmatic communication and cooperation with regard to banks’ Basel II implementation plans. This is necessary to reduce the burden on the banking industry, conserve scarce supervisory resources and make implementation of Basel II more effective and efficient. In addition to general principles of information sharing in the context of Basel II, the document also sets out practical examples of information that could be provided by banks, home supervisors and host supervisors. The document, primarily addressed to banking supervisors, also describes the role of banking organisations in this process.