The European Central Bank (ECB) today set out its vision for how it will coexist with national competent authorities (NCAs) when it assumes its supervisory powers on November 4.
The advent of the SSM will see the ECB supervise the most significant banks in the eurozone – around 130 of them – while the NCAs will supervise the remainder. The division of labour is not, however, as clear cut as that division would suggest.
The ECB has constructed a "framework for co-operation" that outlines which au
- Central bank digital currency a ‘terrible idea’, US Congress told
- People: Olli Rehn enters office as Bank of Finland governor
- Trump criticises Fed over rate rises and threatens higher tariffs
- ECB’s easing policies reduced inequality, paper says
- Infrastructure financing not harmed by post-crisis reforms – FSB