• AddRemove
  • Build a Report 
Past Event
13 May 2015


  • Alexandria Carr
    T +44 20 3130 3398

European banking union and the role of the ECB

The Single Supervisory Mechanism (SSM) is one pillar of banking union, the other being the Single Resolution Mechanism. On November 4, 2014, under the SSM the European Central Bank became the prudential supervisor of all banks in the euro zone. This is arguably the most significant transfer of responsibility from EU Member States to the EU since the creation of the euro and the single monetary policy in 1999. The shortcomings of the SSM, however, suggest that conferring overall prudential responsibility for banks on the ECB wasn’t anticipated under the EU’s legal architecture. Alexandria Carr, a qualified barrister practising in London as Of Counsel with the Financial Services, Regulatory & Enforcement group, discusses.

Please click here to view.

The Build a Report feature requires the use of cookies to function properly.  Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently.  If you do not accept cookies, this function will not work.  For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.