Euro Area Policies: Financial Sector Assessment Program-Technical Note-Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision
July 19, 2018
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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.
Subject: Bank supervision, Banking, Credit, Credit risk, Financial regulation and supervision, Market risk, Money, Operational risk
Keywords: Bank supervision, business strategy, central bank, CR, CRD IV, Credit, credit institution, Credit risk, ECB banking supervision, financial market, Global, ISCR, management body, Market risk, Operational risk, risk management, risk profile, senior management
Pages:
342
Volume:
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DOI:
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Issue:
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Series:
Country Report No. 2018/233
Stock No:
1EUREA2018010
ISBN:
9781484369715
ISSN:
1934-7685
