EconPapers    
Economics at your fingertips  
 

The architecture of supervision and prudential policy

Angela Maddaloni and Alessandro Scopelliti

Chapter 4 in Central Banks and Supervisory Architecture in Europe, 2022, pp 34-48 from Edward Elgar Publishing

Abstract: The architecture of supervision is defined by the allocation of supervisory powers to different policy institutions. This allocation has implications for policy conduct and for the economic and financial environment in which the policies are implemented. This article addresses three main issues related to the architecture of supervision. First, it analyses the implications arising from an integrated model of the functions of central banking and prudential supervision. Afterwards, the consequences of centralised supervision, as opposed to national supervision are also examined. The implications are also broadly discussed in the euro area context and in relation to the design of the Single Supervisory Mechanism (SSM). Next, the article discusses the design for macroprudential policy in the EU and in the euro area. The last section is devoted to the prudential response in Europe during the Covid-19 crisis. Key successes and shortcomings of the current architecture for supervision in Europe are then analysed.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781802208894/9781802208894.00009.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:21354_4

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().

 
Page updated 2025-03-31
Handle: RePEc:elg:eechap:21354_4