Presentation of the SSM Annual Report by Danièle Nouy, Chair of the Single Supervisory Mechanism

30-03-2015

This is a note prepared by Economic Governance Support Unit in advance of a regular public hearing as referred to in Regulation 1024/2013 and as in line with the Interinstitutional Agreement between the EP and the ECB. On 25 March, the ECB submitted to Parliament a draft of the Annual report on a confidential basis, which is under embargo until Tuesday, 31 March 2015 at 15:00. This briefing does therefore not rely on information provided in that Annual report. The following issues are covered in this briefing: SSM achievements and priorities, follow-up on the outcome of the Comprehensive Assessment, Common procedures for the supervisory review, overview of risks in the banking sector, and follow-up on sovereign debt in banking.

This is a note prepared by Economic Governance Support Unit in advance of a regular public hearing as referred to in Regulation 1024/2013 and as in line with the Interinstitutional Agreement between the EP and the ECB. On 25 March, the ECB submitted to Parliament a draft of the Annual report on a confidential basis, which is under embargo until Tuesday, 31 March 2015 at 15:00. This briefing does therefore not rely on information provided in that Annual report. The following issues are covered in this briefing: SSM achievements and priorities, follow-up on the outcome of the Comprehensive Assessment, Common procedures for the supervisory review, overview of risks in the banking sector, and follow-up on sovereign debt in banking.