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The
current objects of the Group are -
- to allow members to identify and discuss issues of mutual interest,
establish an identity of purpose and share knowledge and experiences;
- to participate with relevant international organisations in setting
and promoting the implementation of international standards for
cross-border banking supervision, and for combating money
laundering/terrorist financing;
- to encourage members to apply high standards of supervision based on
internationally accepted principles;
- to promote a general raising of standards among member jurisdictions
through a peer group approach and mutual independent evaluation;
- to agree and promote a positive, constructive and coordinated response
to the approaches made by other supervisory authorities for assistance in
the effective consolidated supervision of international banks;
- to promote the adoption of a Statement of Best Practice for trust and
company service providers.
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