Bank trade bodies say allocation of some functions, roles for board members, senior managers should be clarified.
BRUSSELS, 15 January 2015 – WSBI-ESBG welcomes the opportunity to comment on the Guidelines "Corporate governance principles for banks" ("Guidelines") issued by the Basel Committee in October 2014.
WSBI-ESBG members all share the objective of improving corporate governance based on the considerations of the authorities, central banks and the Basel Committee. It should contribute to explicitly state the main functions and responsibilities of the board of directors and the senior management. WSBI-ESBG considers, however, that the allocation of some functions and responsibilities should be clarified in order to avoid interpretative problems.
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