Featured Product

    ECB Paper on Institutional Continuity Between Eurosystem and SSM

    July 06, 2018

    ECB published a working paper on institutional framework governing the Eurosystem and the Single Supervisory Mechanism (SSM). The paper analyzes regulatory solutions that have been adopted to address constitutional constraints imposed on the functioning of SSM, in which the ECB’s exclusive supervisory competence is carried out.

    The paper reviews the institutional framework governing the Eurosystem, which is considered to inform and constrain the regulatory solutions applied to the day-to-day functioning of the SSM. The paper further analyzes the institutional framework governing SSM and identifies three solutions that reflect the institutional continuity of SSM with the Eurosystem:

    • Establishment of a Supervisory Board tasked with planning, the execution of supervisory tasks, and the preparation of ECB supervisory decisions
    • Development of a framework for internal delegation in ECB of certain supervisory decisions from the Governing Council to ECB lower administrative structures in relation to significant institutions
    • Decentralized implementation of ECB supervisory tasks by the national competent authorities in relation to less significant institutions

    The paper concludes that the Union operates at its best when centralized decision-making on substantial policy issues is combined with a decentralized operational framework; this allows for the meaningful involvement of national administrations in the exercise of Union exclusive competences.

     

    Related Link: Working Paper (PDF)

    Keywords: Europe, EU, Banking, Eurosystem, SSM, Institutional Framework, Constitutional Constraints, ECB

    Related Articles
    News

    FSB Examines Financial Stability Aspects of Bigtech and Cloud Services

    FSB published two reports that consider the financial stability implications from the offering of financial services by bigtech firms and the adoption of cloud computing and data services across a range of functions at financial institutions.

    December 09, 2019 WebPage Regulatory News
    News

    APRA Specifies Capital Treatment of Equity Investments in ABGF

    APRA published a letter to the authorized deposit-taking institutions outlining the regulatory capital treatment of their equity investments in the Australian Business Growth Fund (ABGF).

    December 09, 2019 WebPage Regulatory News
    News

    EBA Publishes Action Plan on Sustainable Finance

    EBA published the Action Plan on sustainable finance for banks.

    December 06, 2019 WebPage Regulatory News
    News

    EBA Single Rulebook Q&A: Second Update for December 2019

    EBA updated the Single Rulebook question and answer (Q&A) tool with answers to three questions under the Capital Requirements Regulation (CRR) and the second Payment Services Directive (PSD 2).

    December 06, 2019 WebPage Regulatory News
    News

    APRA Publishes Proposal to Increase Transparency of Banking Data

    APRA proposed to substantially increase the volume and breadth of data it makes publicly available on authorized deposit-taking institutions, including banks, credit unions, and building societies.

    December 05, 2019 WebPage Regulatory News
    News

    ESMA Consults on Guide to Internal Controls for Credit Rating Agencies

    ESMA launched a consultation on the guidelines on internal controls for credit rating agencies (CRAs).

    December 05, 2019 WebPage Regulatory News
    News

    EU Finalizes Directive and Prudential Rules for Investment Firms

    EU published, in the Official Journal of the European Union, the Directive (2019/2034) and Regulation (2019/2033) on the prudential requirements and supervision of investment firms.

    December 05, 2019 WebPage Regulatory News
    News

    OSFI Revises Guideline on Principles for Management of Liquidity Risk

    OSFI finalized Guideline B-6 on the principles for the management of liquidity risk.

    December 05, 2019 WebPage Regulatory News
    News

    ESAs Publish Draft Amendments to Bilateral Margin Requirements

    ESAs published joint draft regulatory technical standards to amend the Delegated Regulation on the risk mitigation techniques for non-cleared over-the-counter (OTC) derivatives as well as a joint statement on the introduction of fallbacks in OTC derivative contracts and the requirement to exchange collateral.

    December 05, 2019 WebPage Regulatory News
    News

    RBNZ Releases Final Decisions Related to Capital Review for Banks

    RBNZ released a paper that sets out its final decisions following the comprehensive review of its capital framework for banks, known as the Capital Review.

    December 05, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4279