Europe Reaches Agreement on Banking Supervisor: Curse or Blessing?

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Corporate Governance > Best Practices

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 European Central Bank will play a central role in this new 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 banks, when it considers that necessary. The ECB's monetary tasks would be strictly separated from supervisory tasks to eliminate potential conflicts of interest between the objectives of monetary policy and prudential supervision. To this end, a supervisory board responsible for the preparation of supervisory tasks would be set up within the ECB. The ECB wi (...) Read more? Sign up for free

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  Huw Morris, Management Consultant, United Kingdom

Growing Institutions .........

My sense is that this is a necessary enhancement o (...)

  KATHRYN STEINER, MBA, Entrepreneur, United States

Restructuring Can Be Beneficial for Financial Institutions

This is a complex issue-an octopus with many tenta (...)

  Zoniaina, Coach, Madagascar

European SSM is a 'Long-term Protectionist Measure'

Banks operate internationally so an international (...)

  Adonis, Business Consultant, France

Politics versus Economics

The project of supervising the main European banks (...)

  Jozef Van Giel, Strategy Consultant, Belgium

Adam Smith in Favour of Regulation of Banks

Adam Smith was the godfather of the free market ka (...)

  Len Pretorius, Project Manager, South Africa

Supervisory Governance on Banks Needed Because of Greedy Investors

All good intentions and things in life get pervert (...)

  Albert Ofosu, Student (MBA), Ghana

Supervision and Gate Keeping

Recent fine of billions of dollars against Barclay (...)

  Aranit Bicaku, Albania

It's a Very Good Thing to have a Central Controller for All the Banks

It is necessary to have a central controller for a (...)

  Pastory Masomhe, Analyst, Tanzania

Economic Liberalization

My belief is that any liberalized economy is the m (...)

  Serchen Komba, Management Consultant, Ghana

Efficiency Market Theory Has it Limit

Depending on the efficiency of the market, it will (...)

  Albert Ofosu, Student (MBA), Ghana

SSM and the European Central Bank

The objectives for setting up the SSM role vested (...)

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