The Single Supervisory Mechanism Or 'SSM', Part One of the Banking Union PDF Download
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Author: Eddy Wymeersch
Publisher:
ISBN:
Category :
Languages : en
Pages : 80
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Book Description
Author: Eddy Wymeersch
Publisher:
ISBN:
Category :
Languages : en
Pages : 80
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Book Description
Author: Christos V. Gortsos
Publisher:
ISBN: 9789605624217
Category : Banks and banking
Languages : en
Pages : 393
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Book Description
Author: Klaus Lackhoff
Publisher: Beck/Hart
ISBN: 9781509918300
Category : Law
Languages : en
Pages : 304
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Book Description
The Single Supervisory Mechanism (SSM) will be considered as a significant category in the Eurozone as of November 2014. Thus, the European banking architecture is fundamentally changed and adapted to the requirements of a European banking union. Contents: - Purpose of the SSM and Basic Functioning - Some Fundamental Questions. - Governance Structure and Decision Making - The Applicable Nouns and Procedural Law - Determining the Significance of Credit Institutions and the Endowment of the ECB - Tasks and Powers Relating to all Credit Institutions - Tasks and Powers Relating to the On-Going Supervision of Significant Credit Institutions - Enforcement and Sanctioning Powers - Close Cooperation - Supervisory Fees - Contesting ECB supervisory decisions in front of the ABoR - Contesting ECB - Non-contractual liability of the ECB for ECB supervisory decisions - SSM Regulation (SWOP) and the so-called Framework Regulation of the European Central Bank (FR) are the legal basis for the institutional and operational architecture of the SSM.
Author: SILVIA ALLEGREZZA
Publisher: CEDAM
ISBN: 8813369859
Category : Law
Languages : en
Pages : 638
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Book Description
This book explores the sheer complexity of the SSM’s institutional design adopting an comprehensive approach to banking supervision. At its core, this work examines the tangible mechanisms of prudential regulation or supervision both at the European and national levels, offering a comparative analysis of ten national systems. Reflecting the results of an intensive, four-year research project that saw the collaboration of academics and practitioners, it addresses two interrelated issues. It investigates the efficacy of the shared national- and EU-level enforcement system the EU introduced in reaction to the financial and banking crisis.Secondly, it scrutinizes the role that criminal law can play in sanctioning the breaches to banking regulation.
Author: Robby Houben
Publisher:
ISBN: 9789400007789
Category : Banking law
Languages : en
Pages : 0
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Book Description
This book takes stock after a year of application of the SRM and examines the situation from various perspectives: the perspective of the SRB, the NRA, the supervised bank and judicial protection. Special attention is given to the division of power between the RB and the NRA and the impact on the supervised bank, the relationship and links between the SRM and the SSM and the query whether the right balance between national and supranational powers has been struck, also in view of the principle of subsidiarity.
Author: Klaus Lackhoff
Publisher:
ISBN: 9783848722679
Category : Banking law
Languages : en
Pages : 264
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Book Description
Author: André Sapir
Publisher:
ISBN: 9789078910411
Category : Business & Economics
Languages : en
Pages : 182
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Book Description
European banking supervision, also known as the Single Supervisory Mechanism, is the first and arguably the main component of European banking union. In late 2014, the European Central Bank became the supervisor for the region's largest banking groups; the ECB also oversees the supervision by national authorities of smaller banks. This Blueprint is the first in-depth study of how this ground-breaking reform is working in practice. Despite teething troubles and occasional misjudgements, this assessment finds that overall European banking supervision has been effective, demanding and broadly fair, at least for the banks under the ECB's direct watch. Even so, achieving a truly single market in banking services will require more time, further supervisory initiatives and new Europe-wide regulatory and legislative steps.
Author: Concetta Brescia Morra
Publisher:
ISBN:
Category :
Languages : en
Pages : 27
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Book Description
The agreement on the Single Supervisory Mechanism (SSM) is an important step to create an integrated banking system in Europe. In this article we look at the powers attributed to the ECB, from a legal perspective, in order to evaluate the SSM in the broader European architecture of banking supervision. We focus on three issues: the coexistence of more authorities with the same functions on a different perimeter of intermediaries in Europe, due to the UK decision to remain outside the SSM; the creation of a supervisory authority with weak regulatory powers (since these remain in the hands of European institutions and national legislators); and ambiguity over the competence to carry out early intervention powers. These issues should be addressed to increase the effectiveness of supervision. To this end, first we need an “umbrella authority” to coordinate supervision among all European countries (those that do and do not adhere to the SSM); this role could be played by the EBA. Second it is crucial to strengthen the powers of the ECB, in the regulatory field as well as for dealing with an impending crisis.
Author: Rishi Goyal
Publisher: International Monetary Fund
ISBN: 1475569823
Category : Business & Economics
Languages : en
Pages : 31
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Book Description
The SDN elaborates the case for, and the design of, a banking union for the euro area. It discusses the benefits and costs of a banking union, presents a steady state view of the banking union, elaborates difficult transition issues, and briefly discusses broader EU issues. As such, it assesses current plans and provides advice. It is accompanied by three background technical notes that analyze in depth the various elements of the banking union: a single supervisory framework; a single resolution and common safety net; and urgent issues related to repair of weak banks in Europe.
Author: Maria Pavlova
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The Single Supervisory Mechanism (SSM) is considered by many to be fundamental for the creation of the European Union banking union. The very idea behind the banking union is not only to strengthen the confidence in the banks of the Member States that are using the euro as their national currency, but also to set up a solid framework for effective oversight of the EU financial regulation. At the time, when the financial crisis affected Europe in 2008, there were twenty-seven diverging financial regulatory systems in operation that were dependent on national legislation. The SSM was strongly needed, because otherwise these different operational regimes would have fragmented the EU internal market, thus exacerbating the financial turmoil. Therefore, a plan for setting up of a banking union has been gradually being discussed over the past couple of years, in particular on the Euro Area Summit by the European Council (June 2012), and in official proposals formulated by the European Commission (September 2012). As of 1 January 2013, new legislation on the matter has entered into force.
