Euro Area Policies: Financial Sector Assessment Program-Technical Note-Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision
Electronic Access:
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Summary:
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.
Series:
Country Report No. 2018/233
Subject:
Bank supervision Banking Credit Credit risk Financial regulation and supervision Market risk Money Operational risk
English
Publication Date:
July 19, 2018
ISBN/ISSN:
9781484369715/1934-7685
Stock No:
1EUREA2018010
Pages:
342
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