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The Single Supervisory Mechanism, a first step against fragmentation

Author

Listed:
  • Luigi Chiarella

    (Università di Genova)

  • Guido Ferrarini

    (Università di Genova)

Abstract

Supervisory fragmentation is a cause of systemic risk, as cooperation amongst national authorities is bound to fail in crisis events. The situation will be different under the Banking Union when the Single Supervisory Mechanism is in place even if it shows some weaknesses: the Ssm includes elements of cooperation and delegation, which will help the Ecb to perform its tasks as a central supervisor, but could also give rise to conflicts of interest and information asymmetries, being also limited to the Eurozone

Suggested Citation

  • Luigi Chiarella & Guido Ferrarini, 2013. "The Single Supervisory Mechanism, a first step against fragmentation," BANCARIA, Bancaria Editrice, vol. 12, pages 16-28, December.
    • Handle: RePEc:ban:bancar:v:12:y:2013:m:december:p:16-28
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    More about this item

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E53 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Deposit Insurance
    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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