Thursday, April 14, 2016
Minuet (DoubleTree by Hilton Philadelphia Center City)
This paper aims to elucidate three aspects of European Banking Union. First, I analyze the system of SSM (Single Supervisory Mechanism) and SRM (Single Resolution Mechanism) in view of the relation between ECB (European Central Bank) and NCAs (National Competent Authorities). Second, it is an essential points for us to understand how ECB and EBA are interactive each other to make a single supervisory and regulatory framework not only in Eurozone but also in Non-Eurozone such as United Kingdom, Sweden, and Denmark. Third, I emphasize that the European Banking Union shares some important and evitable points with FSB (Financial Stability Board) on the harmonization of banking supervision and regulation in the field of the international standards.
To analyze above points, these are 4 subjects as follows
(1) SSM’s fundamental framework
(2) SRM’s disputes on the methodology either bail-ins or bail-outs
(3) EBA’s roles: the mediation among NCAs as non-binding style and the Single Rulebook, including drafting the Regulatory Technical Standards (RTS)
(4) FSB's Key Attributes (KAs) and its relations with the European Banking Union: the effective supervision and weakening the linkage between sovereign debt crisis and banking crisis
