What must be prioritised for the financial sector over the next five years
For the EU to maintain its competitive edge globally, the von der Leyen II Commission must focus on balancing regulatory simplification with forward-looking strategies in capital market integration, bank competitiveness, digital finance and sustainability. Despite significant growth, Europe’s financial system remains predominantly bank-centric compared with more market-oriented systems. Initiatives like the Capital Markets Union and […]
The Judicial Scrutiny of the SSM and the SRB
Key rulings on the supervision and resolution of credit institutions in the EU have an impact on the Banking Union framework. This study explores how case law has refined the European Central Bank’s practices, shareholders’ and boards’ rights and the interaction between ECB and Single Resolution Board powers during ‘failing or likely to fail’ assessments. […]
Ten years of the SSM
European banking supervision will have been operational for ten years come November 2024. The Single Supervisory Mechanism (SSM) has evolved from a start-up to a mature, well-established, and respected supervisor. Harmonised and transparent supervisory practices have been implemented, whilst the European banking sector has proved to be resilient with strong capital and liquidity positions. Nevertheless, […]