Euro Area Policies: Financial Sector Assessment Program-Technical Note-Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision

International Monetary Fund

No 2018/233, IMF Staff Country Reports from International Monetary Fund

Abstract: The SSM (SSM) has made a solid start. Set up a little over three years ago, the SSM has developed into a coherent banking supervision mechanism operating across the 19 Euro Area Member States. Banking supervision at the European Central Bank (ECB) is underpinned by a clear mandate and independence from government or industry interference in individual supervisory decisions. Its well-defined supervisory methodology and processes—complemented by committed staff—have laid the foundations for more forward-looking, pre-emptive, and evenhanded supervision. This is a noteworthy achievement for the Euro Area.

Keywords: ISCR; CR; ECB banking supervision; risk management; credit institution; CRD IV; management body; business strategy; central bank; senior management; financial market; risk profile; Bank supervision; Credit; Credit risk; Operational risk; Market risk; Global (search for similar items in EconPapers)
Pages: 342
Date: 2018-07-19
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