Bank supervision: Difference between revisions
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The ECB has final supervisory authority, with Euro zone member states’ national supervisory authorities providing a supporting role. The ECB directly supervises the 'most significant' banks within each Euro zone member state, with the national supervisory authority directly supervising the other (less significant) banks within its jurisdiction. | The ECB has final supervisory authority, with Euro zone member states’ national supervisory authorities providing a supporting role. The ECB directly supervises the 'most significant' banks within each Euro zone member state, with the national supervisory authority directly supervising the other (less significant) banks within its jurisdiction. | ||
The ECB is responsible for: | The ECB is responsible for: | ||
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* [[Capital adequacy]] | * [[Capital adequacy]] | ||
* [[Contingent capital]] | * [[Contingent capital]] | ||
* [[Credit Benchmark]] | |||
* [[European Banking Authority]] | * [[European Banking Authority]] | ||
* [[European Central Bank]] | * [[European Central Bank]] | ||
| Line 37: | Line 39: | ||
* [[Home supervisor]] | * [[Home supervisor]] | ||
* [[Host supervisor]] | * [[Host supervisor]] | ||
* [[ | * [[Liquidity Coverage Ratio]] (LCR) | ||
* [[ | * [[Net Stable Funding Ratio]] (NSFR) | ||
* [[Pillar 1]] | * [[Pillar 1]] | ||
* [[Pillar 2]] | * [[Pillar 2]] | ||
| Line 44: | Line 46: | ||
* [[Prudential Regulation Authority]] | * [[Prudential Regulation Authority]] | ||
* [[Resolution Authority]] | * [[Resolution Authority]] | ||
* [[Supervisor]] | |||
* [[Supervisory college]] | * [[Supervisory college]] | ||
* [[Total Loss Absorbing Capacity]] | * [[Total Loss Absorbing Capacity]] | ||
Latest revision as of 15:24, 25 June 2022
In the UK, the Prudential Regulation Authority (PRA) is the body responsible for the prudential regulation and supervision of banks and similar financial firms.
The PRA is part of the Bank of England.
In the Euro zone, the European Central Bank (ECB) regulates the financial stability of banks through its Single Supervisory Mechanism (SSM).
The ECB has final supervisory authority, with Euro zone member states’ national supervisory authorities providing a supporting role. The ECB directly supervises the 'most significant' banks within each Euro zone member state, with the national supervisory authority directly supervising the other (less significant) banks within its jurisdiction.
The ECB is responsible for:
- Supervisory reviews
- On-site inspections and investigations
- Granting and withdrawing banking licences
- Assessing bank acquisitions
- Ensuring compliance with European Union prudential rules
- If required, setting higher capital requirements to counter financial risks.
In the United States, bank supervision is undertaken by the Federal Reserve System, in Australia by the Australian Prudential Regulation Authority (APRA).
See also
- Australian Financial Regulation
- Bank of England
- Basel III
- Capital adequacy
- Contingent capital
- Credit Benchmark
- European Banking Authority
- European Central Bank
- Euro zone
- Federal Reserve System
- Financial Conduct Authority
- Financial Services Authority
- Financial Services Committee
- Financial stability
- Fully loaded
- Home supervisor
- Host supervisor
- Liquidity Coverage Ratio (LCR)
- Net Stable Funding Ratio (NSFR)
- Pillar 1
- Pillar 2
- Pillar 3
- Prudential Regulation Authority
- Resolution Authority
- Supervisor
- Supervisory college
- Total Loss Absorbing Capacity
- Twin Peaks
- Window-dressing
