Einheitlicher Europäischer Aufsichtsmechanismus: Bankenaufsicht durch die EZB

Lehmann, Matthias; Manger-Nestler, Cornelia

doi:10.15375/zbb-2014-0102

Cited by 9 publications

(2 citation statements)

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“…This may lead to an over-lenient monetary policy of the ECB, which will have an adverse affect on price stability. Thus, during the Cyprus EU presidency in 2012 some amendments were introduced to establish institutional guarantees of the independence of the Single Supervisory Board and the Governing Council of the ECB, for example, the chair and vice-chair of the SSB is appointed by Ecofi n (Witte, 2014;Cleynenbreugel, 2014, Martinico, 2014Lo Schiavo, 2014;Kern, 2015;Lehmann, Manger-Nestler, 2014;Berger, 2015;Sherman&Sterling, 2014) The ECB's macroprudential supervision covers four areas: -adaptation of macroprudential norms to particular fi nancial institutions subject to the macroeconomic situation. Introducing, for example, additional procyclical capital requirements or buffers, -supervisory analysis of contractual relations between market players (e.g.…”

Section: The European Banking Union and The Single Supervisory Mechanmentioning

confidence: 99%

The European system of financial supervision – regulatory impact assessment

Szpringer

2017

JBFE

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Complexity and uncertainty in the application of the regulations of the European system of financial supervision are due to the fact that its particular elements were implemented over a period of time. First, it was a system of European financial supervision authorities i.e. the European Banking Authority (EBA), the European Insurance and the Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA), whose main objective was to coordinate national actions. Then there were established the European Banking Union, including the Single Supervisory Mechanism (SSM), the Single Resolution Mechanism (SRM), as well as the European Stability Mechanism (ESM), which constitutes also a part of the system of support for endangered banks. Legal interpretation problems are a result of differences in the scope of competences of these entities. For example, there is uncertainty whether the regulations refer to the eurozone or the whole European Union and if they refer to banks only or to other financial institutions as well. An analysis of the SSM, the SRM or the ESM does not always offer a clear answer to questions such as: who, when and using what tools should act; when, for example, the ECB may and should correct the decisions of national supervisors; what is the role of the ESRB, if we take account of the enhanced competences of the ECB in the banking union; if and when banks may question supervisory decisions concerning, for example, establishing a buffer or classifying an institution as SIFI, etc. Similarly, the role of the EBA or the ESM is unclear in the context of the establishment of the banking union, the SSM, the SRM, the ESM and the delegation of power of the ECB and the European Commission to regulatory agencies (Meroni doctrine) or the practice of establishing regulatory agencies outside the bounds of the treaty (Pringle doctrine). Therefore the regulatory landscape in this context requires impact assessment.

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Section: The European Banking Union and The Single Supervisory Mechanmentioning

confidence: 99%

The European system of financial supervision – regulatory impact assessment

Szpringer

2017

JBFE

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“…Vielmehr erwies sich die Überwachung durch die nationalen Aufsichtsbehörden mitunter als höchst defizitär. 5 Dass insbesondere der Bankensektor durch die globale Finanzkrise überaus schwer betroffen wurde, war das Ergebnis dieser unzureichenden Aufsichtspraxis, die auf das Fehlen einheitlicher Vorgaben zurückgeführt werden konnte. 6 Die Erkenntnis, dass die mannigfaltige Ausgestaltung der Bankenaufsicht in den Mitgliedstaaten dem innereuropäischen Bankensystem nicht die notwendige Stabilität bieten konnte, machte eine einheitliche europäische Antwort für die Beaufsichtigung der Banken im Euroraum unausweichlich.…”

Section: Introductionunclassified

Bußgeldrecht in der europäischen bankenaufsicht

Schäfer¹

2021

EIS

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The imposition of sanctions within the framework of European banking supervision is essentially intended to ensure that the European Union’s policy in the banking sector is implemented effectively to ensure financial stability within the Euro area. The law on fines under banking supervisory derives its authorization from the European Banking Union created in 2014 in general and the so-called Single Supervisory Mechanism (SSM) in particular. In terms of banking supervision, the supervisory sanctions regime of the EU addresses credit institutions as legal entities. This article demonstrates how corporate groups, being a combination of several legal entities, are nevertheless subject to supervision of the ECB and the national supervisory authorities, and therefore subject to sanctions. For this purpose, in addition to the division of responsibilities between the ECB and national supervisory authorities, this article also deals with the supervisory sanction regime set out in Art. 18 SSM-VO and its norm and sanctions addressees.

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Reforms and Perspectives of the Economic and Monetary Union: An Introduction

Pilz

2021

Springer Commentaries on International and European Law

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Einheitlicher Europäischer Aufsichtsmechanismus: Bankenaufsicht durch die EZB

Cited by 9 publications

References 0 publications

The European system of financial supervision – regulatory impact assessment

The European system of financial supervision – regulatory impact assessment

Bußgeldrecht in der europäischen bankenaufsicht

Reforms and Perspectives of the Economic and Monetary Union: An Introduction

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