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EU Banking Supervision in motion: from centralised decision-making to cooperative execution

Dates:
  • Fri 18 Jan 2019 16.30 - 18.00
  Add to Calendar 2019-01-18 16:30 2019-01-18 18:00 Europe/Paris EU Banking Supervision in motion: from centralised decision-making to cooperative execution

Paper and presentation by: Christy Petit (PhD Law researcher, EUI)

Banking supervision has been centralised at the European level for four years, relying on a multilevel system with the European Central Bank (ECB) at the central level, the National Competent Authorities (NCAs) of participating Member States from the euro area (for now) at the local level, and the Joint Supervisory Teams (JSTs) in charge of ongoing banking supervision for significant banks. The objectives of the Single Supervisory Mechanism (SSM) – first pillar of the Banking Union – are centred on the safety and soundness of credit institutions and the stability of the financial system, while preserving the unity and integrity of the internal market. However, manifold interests come into play in such supervision, from the banks’ creditors, its shareholders, to the taxpayers.

How to ensure effective Banking Supervision in the Banking Union? How to reach the best distribution of supervisory powers, responsibilities and tasks within the mechanism? The strengths and weaknesses of (de)centralisation in the SSM as a system are to be weighed concurrently, against defined efficiency criteria.In addition to a legal approach, the thesis uses a theoretical corpus composed of public management theory looking at the SSM as an organisation, institutional economics, and theories of (executive and cooperative) federalism. The issues raised for the working group discussion will cover mainly this theoretical framework – from federalism to integration – and put forward some criteria for the efficiency analysis. Incidentally, the discussion will touch upon the SSM features examined.

The EU Financial and Monetary Law Working Group brings together researchers working on topics related to banking and capital regulation in the EU, financial innovation, as well as Eurozone governance matters, including those pertaining to monetary policy and institutional questions. All interested fellows, Ph.D. researchers, professors and visiting academics are invited to participate.

An extended outline of the presentation will be circulated, upon registration in the EUFML WG event.

Please RSVP to [email protected]

All researchers, faculty and fellows are welcome to attend.

Sala del Camino, Villa Salviati DD/MM/YYYY
  Sala del Camino, Villa Salviati

Paper and presentation by: Christy Petit (PhD Law researcher, EUI)

Banking supervision has been centralised at the European level for four years, relying on a multilevel system with the European Central Bank (ECB) at the central level, the National Competent Authorities (NCAs) of participating Member States from the euro area (for now) at the local level, and the Joint Supervisory Teams (JSTs) in charge of ongoing banking supervision for significant banks. The objectives of the Single Supervisory Mechanism (SSM) – first pillar of the Banking Union – are centred on the safety and soundness of credit institutions and the stability of the financial system, while preserving the unity and integrity of the internal market. However, manifold interests come into play in such supervision, from the banks’ creditors, its shareholders, to the taxpayers.

How to ensure effective Banking Supervision in the Banking Union? How to reach the best distribution of supervisory powers, responsibilities and tasks within the mechanism? The strengths and weaknesses of (de)centralisation in the SSM as a system are to be weighed concurrently, against defined efficiency criteria.In addition to a legal approach, the thesis uses a theoretical corpus composed of public management theory looking at the SSM as an organisation, institutional economics, and theories of (executive and cooperative) federalism. The issues raised for the working group discussion will cover mainly this theoretical framework – from federalism to integration – and put forward some criteria for the efficiency analysis. Incidentally, the discussion will touch upon the SSM features examined.

The EU Financial and Monetary Law Working Group brings together researchers working on topics related to banking and capital regulation in the EU, financial innovation, as well as Eurozone governance matters, including those pertaining to monetary policy and institutional questions. All interested fellows, Ph.D. researchers, professors and visiting academics are invited to participate.

An extended outline of the presentation will be circulated, upon registration in the EUFML WG event.

Please RSVP to [email protected]

All researchers, faculty and fellows are welcome to attend.


Location:
Sala del Camino, Villa Salviati

Affiliation:
Department of Law

Type:
Working group

Organiser:
Working Group EU Financial and Monetary Law
 
 

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