This tongue-in-cheek short article is based on my conversations with central bankers and bank supervisors regarding the operation of supervisory colleges. The tone of the article was inspired by a “tongue in cheek” presentation by the Honorable William B. Traxler, Jr., judge on the 4th...

The current financial crisis has caused many governments and international bodies to reconsider the tools governments have used to supervise financial institutions, particularly those systemically important institutions with cross-border operations. This article describes and analyzes one of...