Brussels, 09/04/2015 (Agence Europe) - The European Banking Authority (EBA) believes that a process of the convergence of supervisory practices has been underway in Europe since 2011.
“The fact that the great majority of colleges of cross-border groups have reached smooth joint decisions is a demonstration of this convergence”, the European authority states in its first annual report on the convergence of supervisory practices, which it adopted on Thursday 9 April. However, it notes...