Supervisory colleges have evolved the world over as an important component of effective supervisory oversight of an international banking group. They assist in reducing supervisory overlap and filling in the gaps for better supervisory co-operation. The revised Core Principles for Effective Banking Supervision include the enhanced Core Principle on Home-Host Relationships. This requires the home supervisor to establish bank-specific supervisory colleges for banking groups.
BIS Review 82/1999  4  Recent price changes in the euro area have been affected by higher oil prices, which have fed through quickly to the energy component of the HICP. Nevertheless, inflation for the euro area as measured by the HICP has remained close to 1% since the fourth quarter of 1998 and hence has been consistent with price stability.