The Role of ECB as a Supervisory Authority within European Union
The Role of ECB as a Supervisory Authority within European Union

Author(s): Łukasz Szewczyk
Subject(s): EU-Accession / EU-DEvelopment, Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: European Central Bank; micro and micro financial supervision; Banking Union;
Summary/Abstract: The aim of this study is to present the new role of European Central Bank in the European financial safety net. This role is connected with both macro- and microprudential financial supervision. It is the result of work towards strengthening panEuropean safety net, where next to European Systemic Risk Board (which is responsible for macro-prudential supervision), micro- prudential supervisor, responsible for microprudential supervision should have been established. It is also very important that nowadays almost every central bank plays a significant role in modern safety net, especially in its lender of last resort function.

• Details
• Contents