CEBS is a so-called level-3 Lamfalussy-committee and particularly aims at achieving supervisory convergence and establishing supervisory networks in order to ensure efficient and effective supervision of cross-border banking groups. These efforts cover both day-to-day supervision as well as crisis situations, and for the latter purpose a joint Task Force has been established together with the BSC.
•  The main upside risks to inflation are associated with the possibility of a stronger than- anticipated global recovery and of Canadian domestic demand that is more robust and has more momentum than projected.