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.
First, it may be better for central banks not to become embroiled in the debate on whether exiting too early or too late is better or worse, and especially not to give signals that the latter is less risky.