Assessing the Single Supervisory Mechanism: passing the point of no return for Europe's banking union. Egmont Paper No. 58, June 2013
Data(s) |
01/06/2013
|
---|---|
Resumo |
From the Executive Summary. Europe’s financial and sovereign debt crises have become increasingly interconnected. In order to break the negative feedback loop between the two, the EU has decided to create a common supervisory framework for the banking sector: the Single Supervisory Mechanism (SSM). The SSM will involve a supervisory system including both the national supervisors and the European Central Bank (ECB). By endowing the ECB with supervisory authority over a major part of the European banking sector, the SSM’s creation will result in a shake-up of the way in which the European financial sector is being supervised. Under the right circumstances, this could be a major step forward in addressing Europe’s interconnected crises. |
Formato |
application/pdf |
Identificador |
http://aei.pitt.edu/43285/1/ep58.pdf Verhelst, Stijn (2013) Assessing the Single Supervisory Mechanism: passing the point of no return for Europe's banking union. Egmont Paper No. 58, June 2013. [Policy Paper] |
Relação |
http://www.egmontinstitute.be/paperegm/ep58.pdf http://aei.pitt.edu/43285/ |
Palavras-Chave | #European Central Bank #capital, goods, services, workers #financial crisis 2008-on/reforms/economic governance |
Tipo |
Policy Paper NonPeerReviewed |