The Operation of Supervisory Colleges after the Single Supervisory Mechanism of the European Banking Union
46 Pages Posted: 23 Oct 2018
Date Written: September 16, 2018
This article focuses on the operation of supervisory colleges after implementation of the first pillar of the European Union’s Banking Union -- the Single Supervisory Mechanism. The article concludes that the operation of supervisory colleges for cross-border banks, particularly those that operate in the Eurozone, has been simplified. As a result, the dynamics of discussions during supervisory college meetings will likely change. Furthermore, colleges may take on more of a decision-making role in the supervision of cross-border banks. For global banks, the ECB will have a growing influence on discussions and, within the Eurozone, a decisive role over those banks.
Keywords: bank supervision, supervisory college, banking union, European Union, prudential supervision
JEL Classification: G01, G21, K22, K33, N20, N24
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