Equally important is the harmonization of depositor-guarantee schemes, of the instruments for intervention in crises, and of the rules for the transfer of liquidity between the units of a banking group. The Bank of Italy is already at the forefront in promoting concrete progress for the groups for which it is home supervisor.
Joint and coordinated inspections in the various subsidiaries of a group, conducted together with the host-country authorities, are becoming standard practice. Just a few years ago, such progress was inconceivable. 6  BIS Review 90/2009  Best practices must be disseminated as supervisory authorities continue to converge.