The practical arrangements for the ECB 's international representation and co operation , as described in the ECB 's Annual Report 1999 , remained broadly unchanged . Within the EU , co ordination on international macroeconomic and financial issues was strengthened , inter alia , in the context of the EFC 's regular activities , as well as through improved information exchanges with the IMF Executive Directors representing the Member States of the EU and with the ECB Observer .

Multilateral issues and economic developments and policies , as these reviews enhance its ability to analyse the impact of external developments on euro area variables . These procedures do not involve ex ante international co ordination of the single monetary policy with the policies carried out by non euro area countries .

At bilateral level

PRUDENTIAL SUPERVISION Article 25 Prudential supervision

PRUDENTIAL SUPERVISION Article 25 Prudential supervision 25.1 .

CHAPTER V PRUDENTIAL SUPERVISION Article 25 Prudential supervision 25.1 .

Chapter V Prudential supervision Article 25 Prudential supervision 25.1 .

The delegation of the United States would like to propose a bilateral solution.

BANKING SUPERVISION

Internal oversight

PRUDENTIAL SUPERVISION

Prudential supervision

and effective supervisory enforcement powers .

Should the monitoring show that

Should the monitoring show that

Banking supervision

Management and oversight

Assessment and monitoring

Articles 7 to 13 Measures to facilitate supplementary supervision These articles provide for several measures in order to facilitate supplementary supervision .

Few dispute that the world s most important bilateral relationship is in deep trouble.

Legislation on the supervision of financial conglomerates .

Proposed changes in European financial supervision

to achieve simplification of procedures and supervisory efforts .

Enhancing governance oversight role structure, working methods and practices on handling oversight reports

Financial stability and supervision

Financial stability and Supervision

Financial Stability and Supervision

Financial Stability and Supervision

Monitoring, evaluation and consulting

Financial stability and supervision

Whereas this Directive is in accordance with the work of another international forum of banking supervisors on the supervisory recognition of bilateral netting , notably the possibility of calculating the own funds requirements for certain transactions on the basis of a net instead of a gross amount provided that legally binding agreements exist which ensure that the credit risk is confined to the net amount

This may seem to portend an ever deepening bilateral relationship.

At bilateral level, Germany and France are the main contributors.

In the Netherlands , work continued implementing the institutional reform based on a functional distinction between prudential supervision and the conduct of business issues .

Contribution to prudential supervision and financial stability

ECB Opinion on financial supervision in Germany

SECTION 2 MEASURES TO FACILITATE SUPPLEMENTARY SUPERVISION

Supervisory structures in EU and acceding countries

ECB Opinion on banking supervision in Poland

Reports of the Office of Internal Oversight Services

to strengthen the coordination and surveillance of their budgetary discipline

In some ways, the bilateral relationship is already moving in a positive direction, especially on the economic front.

Clarifying the supervisory framework for crisis management and establishing colleges for enhancing both efficiency and effectiveness of supervision .

The new regulatory authority will be responsible for the regulation and supervision of all financial sectors , including both prudential and consumer issues .

Moreover , convergence of supervisory practices is also considered important and will become a core task of the level three banking supervisory committee . In the area of financial regulation , good progress has been made in the adoption of the Community measures foreseen in the Financial Services Action Plan ( FSAP ) .