Bibliograph

European banking supervision taking shape, EBA and its changing context, European Court of Auditors

Type

Label

European banking supervision taking shape, EBA and its changing context, European Court of Auditors

Language

eng

Bibliography note

Includes bibliographical references (page 54)

resource.governmentPublication

international or intergovernmental publication

Illustrations

illustrations

Index

no index present

Literary Form

non fiction

Main title

European banking supervision taking shape

Nature of contents

bibliography

Oclc number

888566515

Responsibility statement

European Court of Auditors

Series statement

EDC collectionSpecial report, No 5/2014

Sub title

EBA and its changing context

Summary

In the aftermath of the financial crisis, the Commission took steps to stabilise the banking sector by seeking to strengthen the regulatory and supervisory framework, and by setting up the European Banking Authority (EBA). The Court's first audit in this area assessed whether the Commission and EBA had satisfactorily carried out their responsibilities in setting up the new arrangements for the regulation and supervision of the banking sector and considered what lessons could be learned for banking supervision under the new Single Supervisory Mechanism. The Court concluded that the Commission's actions, including the creation of EBA, were important first steps in response to the financial crisis. However, there were some shortcomings identified in the functioning of new arrangements in respect of cross-border banking supervision, the assessment of the resilience of EU banks and promotion of consumer protection for which the Court makes recommendations.--, EU Bookshop

Creator