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Single Supervision Mechanism: Organs and Procedures

In: The Palgrave Handbook of European Banking Union Law

Author

Listed:
  • Raffaele D’Ambrosio

    (Bank of Italy)

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.

Suggested Citation

  • Raffaele D’Ambrosio, 2019. "Single Supervision Mechanism: Organs and Procedures," Springer Books, in: Mario P. Chiti & Vittorio Santoro (ed.), The Palgrave Handbook of European Banking Union Law, chapter 8, pages 157-182, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-13475-4_8
    DOI: 10.1007/978-3-030-13475-4_8
    as

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