Investigative and Sanctioning Powers of the ECB in the Framework of the Single Supervisory Mechanism : Mapping the Complexity of a New Enforcement Model

Abstract

2015 / 4 ISSUE / ÉDitiOn / AuSgAbE Contents News * Articles * News contain internet links referring to more detailed information. These links can be easily accessed either by clicking on the respective ID-number of the desired link in the online-journal or-for print version readers-by accessing our webpage www.mpicc.de/eucrim/search.php and then entering the ID-number of the link in the search form. European Union Council of Europe Foundations 136 Reform of the European Court of Human Rights Specific Areas of Crime 137 Corruption 137 Money Laundering

The European Banking Union as a contributing factor to financial stability

“…Another analysis of the SSM underlines the fact that the vague distinction between the tasks at national and European level has raised questions on the effectiveness of the SSM, and the issue of the potential rise in competitive distortions (Barbu andBoitan 2013, Allegrezza andVoordeckers 2015) and accountability (Amtenbrink 2017, Markakis 2017. The SSM applies only to the prudential supervision of credit institutions, comprising micro-and macro-prudential supervision, while other aspects of bank supervision, including conduct risk, consumer protection, and central clearing counterparties, are excluded, in accordance with article 127(6) TFEU, which was the only possible legal basis to transfer supervisory competences to a European authority.…”