Banks see benefits to college of supervisors plan

Big banks welcome a decision by G7 policymakers to set up "colleges of supervisors" to track them more closely but caution that success will depend on US reforms and how well regulators work together.
The Group of Seven gave the green light to over 60 recommendations at the weekend on how to make the world's financial markets less risky and help avoid a repeat of a credit squeeze that began last year with defaults on US home loans.