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

This is a note prepared by Economic Governance Support Unit of the European Parliament 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 2015, 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.

Authors: Jockum Backman and Marcel Magnus

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.

• Primary Source

European Central Bank: Banking supervision: Banking union http://www.europeansources.info/record/banking-supervision/

ESO: Background information: Single Supervisory Mechanism (SSM) Comprehensive Assessment http://www.europeansources.info/record/single-supervisory-mechanism-ssm-comprehensive-assessment/

EUObserver, 01.04.15: ECB watchdog to open first investigations https://euobserver.com/economic/128224

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