Europe Reaches Agreement on Banking Supervisor: Curse or Blessing?

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Europe Reaches Agreement on Banking Supervisor: Curse or Blessing?
Jaap de Jonge, Editor, Netherlands
On 12-12-2012, the European Economic and Financial Affairs Council (the Ministers of Finance of the European Union (EU)) reached an agreement* on 2 proposals aimed at establishing a Single Supervisory Mechanism (SSM) for the oversight of EU banks ('credit institutions').

The new banking supervisor...The European Central Bank will play a central role in this new external governance system targeted at Europe's largest financial institutions, as will the European Banking Authority.
All banks having total assets of over 30 billion (around 200 banks) will be subject to this new supervisory system. But the supervisor could also take action towards smaller ban...Sign up

Growing Institutions .........
Huw Morris, Management Consultant, United Kingdom, Member
My sense is that this is a necessary enhancement of governance arrangements. I have to say that I have struggled with the concept of a single currency...Sign up

Restructuring Can Be Beneficial for Financial Institutions
KATHRYN STEINER, MBA, Entrepreneur, United States, Member
This is a complex issue-an octopus with many tentacles so to speak.
Here in the United States, there are approximately 5 major banking institutio...Sign up

European SSM is a 'Long-term Protectionist Measure'
Zoniaina, Coach, Madagascar, Member
Banks operate internationally so an international supervisor must be created... Why not... Wait and see!
But let's think about the back side of t...Sign up

Politics versus Economics
Adonis, Business Consultant, France, Member
The project of supervising the main European banks, as conceived at this stage, is not incompatible with any future project of a union bank, private b...Sign up

Adam Smith in Favour of Regulation of Banks
Jozef Van Giel, Strategy Consultant, Belgium, Member
Adam Smith was the godfather of the free market kapitalism. What proponents of deregulation tend to forget is dat Smith argued that government should ...Sign up

Supervisory Governance on Banks Needed Because of Greedy Investors
Len Pretorius, Project Manager, South Africa, Member
All good intentions and things in life get perverted by the greedy and ambitiously greedy. We allow this culture to be built by demanding ever better ...Sign up

Supervision and Gate Keeping
Albert Ofosu, Student (MBA), Ghana, Member
Recent fine of billions of dollars against Barclays bank for "collusion and facilitation of illicit arms imports" to my mind brings into sharp focus t...Sign up

It's a Very Good Thing to have a Central Controller for All the Banks
Aranit Bicaku, Albania, Member
It is necessary to have a central controller for all the banks and the days are over they could decide to operate in the market without responsibility...Sign up

Economic Liberalization
Pastory Masomhe, Analyst, Tanzania, Member
My belief is that any liberalized economy is the most regulated one. To form a single supervisory mechanism in the financial sector of the EU is one w...Sign up

Efficiency Market Theory Has it Limit
Serchen Komba, Management Consultant, Ghana, Member
Depending on the efficiency of the market, it will take time to correct the crisis because what is happening in Europe is a result in itself of marke...Sign up

SSM and the European Central Bank
Albert Ofosu, Student (MBA), Ghana, Member
The objectives for setting up the SSM role vested in the European Central Bank are laudable. My worry however is that it does not become another admin...Sign up

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