The Basel Committee of the Bank for International Settlements recently issued guidelines discussing the supervisory tools that should be available to banking supervisors to help them identify and deal with the weaknesses at banking organizations.
Kathleen A. Scott wrote a recent column in The New York Law Journal that compares the general supervisory tools U.S. bank regulators have to identify and address weaknesses at U.S. banking offices of non-U.S. banks (branches and agencies) to the guidelines.
Read her column here.