 Single Supervision Mechanism: Organs and ProceduresRaffaele D’Ambrosio ()
Chapter 8 in The Palgrave Handbook of European Banking Union Law, 2019, pp 157-182 from Springer Abstract: Abstract The allocation of tasks and powers within the Single Supervisory Mechanism (SSM) is not always crystal clear and may lead to an increase in the Supervisory Board’s workload. Burdening the latter with an increasing amount of trivial supervisory decisions runs the risk of hampering the smooth functioning of the SSM. The delegation of minor supervisory decisions to the European Central Bank (ECB)’s heads of units is likely to marginalize the role of the Supervisory Board. An alternative solution may be found either (1) in a system of two distinct delegations by the Supervisory Board and the Governing Council of the powers they respectively enjoy under the SSM Regulation or (2) in the National Competent Authorities’ responsibility to assist the ECB in the performance of its supervisory tasks. Keywords: Separation of monetary policy from the supervisory functions; ECB decision-making process; Uncertain allocation of tasks and powers within the SSM; Increase of ECB supervisory powers; ECB delegation framework; NCAs’ assistance to the ECB (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-13475-4_8 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-13475-4_8 Access Statistics for this chapter More chapters in Springer Books from Springer |
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