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Euro Area Policies: Financial Sector Assessment Program-Technical Note-Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision
Author:
International Monetary Fund. Monetary and Capital Markets Department
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2018: Issue 233
Language:
English
Publication Date:
19 Jul 2018
DOI:
https://doi.org/10.5089/9781484369715.002
ISBN:
9781484369715
ISSN:
1934-7685
Pages:
342
Keywords:
ISCR; CR; ECB banking supervision; risk management; credit institution; CRD IV; management body; business strategy; central bank; senior management; financial market; risk profile; Bank supervision; Credit; Credit risk; Operational risk; Market risk; Global
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The SSM (SSM) has made a solid start. Set up a little over three years ago, the SSM has developed into a coherent banking supervision mechanism operating across the 19 Euro Area Member States. Banking supervision at the European Central Bank (ECB) is underpinned by a clear mandate and independence from government or industry interference in individual supervisory decisions. Its well-defined supervisory methodology and processes—complemented by committed staff—have laid the foundations for more forward-looking, pre-emptive, and evenhanded supervision. This is a noteworthy achievement for the Euro Area.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund