Single Supervisory Mechanism Without Regulatory Harmonisation? Introducing a European Banking Act and a 'CRR Light' for Smaller Institutions

32 Pages Posted: 6 Feb 2017  

Matthias Lehmann

University of Bonn

Date Written: 2017

Abstract

The Single Supervisory Mechanism (SSM) is widely acknowledged as being a milestone towards the creation of an effective transnational supervision in the Euro Area. Yet the SSM is far from being perfect. The European Central Bank (ECB), which is tasked with the supervision of all significant banks in the Euro Area, has to cope with a plethora of national rules as well as options and discretions that will be exercised at the Member State level. This creates inefficiencies. Simultaneously, European rules on banking regulation have become dispersed and hard to access. This paper therefore calls for the adoption of a single text, the "European Banking Act". To avoid overregulation, this act should include special requirements for small and medium-sized banks, or a "CRR light".

JEL Classification: G21; G28; K23

Suggested Citation

Lehmann, Matthias, Single Supervisory Mechanism Without Regulatory Harmonisation? Introducing a European Banking Act and a 'CRR Light' for Smaller Institutions (2017). European Banking Institute Working Paper Series 2017 - no. 3. Available at SSRN: https://ssrn.com/abstract=2912166 or http://dx.doi.org/10.2139/ssrn.2912166

Matthias Lehmann (Contact Author)

University of Bonn ( email )

Institute of Private International Law
Adenauerallee 24-42
Bonn, 53225
Germany
+49228737100 (Phone)
+49228739180 (Fax)

HOME PAGE: http://www.jura.uni-bonn.de/index.php?id=7208

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