National regulators' extensive role under SSM.

• Autores: Danielle Myles
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 33, Nº. 5 (Jun2014), 2014
• Idioma: inglés
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• Resumen

  • The article presents a clarification from the European Central Bank (ECB) and European Union (EU) member state regulators on the composition and role of the joint supervisory teams (JST) that will supervise eurozone banks under the Single Supervisory Mechanism (SSM) Framework Regulation. Highlighted are the supervisory functions of the ECB classified as significant credit institutions. It addresses concerns over the ability of the ECB to ensure accuracy of decisions and enforcement actions.