CEBS published a report mapping in detail supervisory objectives and powers across EU banking authorities, with special focus on early intervention measures and the actual use of sanctioning powers.
CEBS published a report mapping in detail supervisory objectives and powers across EU banking authorities, with special focus on early intervention measures and the actual use of sanctioning powers.
The report provides input to the Commission’s work on designing possible policy options for Early Intervention Tools for dealing with ailing banks. It also identifies areas where CEBS might wish to prioritize for further convergence of supervisory practices while taking note of possible legal constraints.
Giovanni Carosio, Vice-Chair of CEBS, underlined the substantial differences in the range of intervention measures available for ailing but solvent banks. “As for reorganization and winding-up procedures, the respective roles of supervisory and judicial authorities vary significantly although a majority of supervisors at least play a role in such procedures”, he said. “Such differences are likely to increase problems in co-ordination of supervisory action in cases of ailing cross-border banking groups.”
Press release
Report
© CEBS - Committee of European Banking Supervisors
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