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- W570767275 abstract "In November 2014, the European Central Bank (ECB) will take responsibility for banking supervision in the euro area. This paper outlines the way to this single supervisory mechanism (SSM) and briefly describes the main points of the new SSMRegulation. Then, the advantages and disadvantages of transferring banking supervision to a European authority in general and to the ECB in particular are discussed. It is argued, that the transfer of banking supervision to the European level has to be considered positively, but that the transfer to the ECB is combined with significant disadvantages, so that this should be only a temporary solution. In the medium term, a separate authority should be responsible for banking supervision." @default.
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- W570767275 date "2014-01-01" @default.
- W570767275 modified "2023-09-24" @default.
- W570767275 title "The New European Banking Supervision – a Critical Assessment" @default.
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