The SSM and the ECB decision-making governance
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Gianni LO SCHIAVO (ed.), The European banking union and the role of law, Cheltenham : Edward Elgar Publishing, 2019, pp. 108-129
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PETIT, Christy Ann, The SSM and the ECB decision-making governance, in Gianni LO SCHIAVO (ed.), The European banking union and the role of law, Cheltenham : Edward Elgar Publishing, 2019, pp. 108-129 - https://hdl.handle.net/1814/65645
Abstract
This chapter retains a twofold micro-level and transversal approach to the SSM and decision-making governance of the ECB in its supervisory arm. At the micro level, the decision-making procedures are thoroughly examined, whereas the transversal approach situates the ECB’s governance within the SSM, and comparatively to the European Commission’s decision-making procedures. Decision-making is an intricate process within the SSM. This chapter sheds light on the current arrangements for ECB decision-making governance. Section II assesses the ECB decision-making governance, including a delegation framework that entered into force in 2017 for the adoption of specific supervisory decisions. Section III examines the SSM governance and shows the interplay between the national and European levels, in which the ECB exerts its oversight over the functioning of the SSM as a system to ensure consistency in high supervisory standards and effective banking supervision.