Cross border banks represent an increasing market share
These banks are increasingly organized at a consolidated level, with key functions developed for the whole group at the corporate center level
If supervision is to be effective, it should follow this market reality
The supervisory process should start from the consolidated level and should be fully coherent throughout the group
To achieve this without an institutional revolution, prudential supervision should consist of a college of all involved supervisors with an empowered lead supervisor, chairing this college and with a mediation mechanism at the EU level, in case of disputes between supervisors
Van den Spiegel, F. (2009, August 30). Supervisory cooperation in Europe from a banking perspective [Video file]. In The Business & Management Collection, Henry Stewart Talks. Retrieved October 22, 2021, from https://hstalks.com/bm/1385/.