Financial stability and supervision

Financial Stability and Supervision

Proposed changes in European financial supervision

ECB Opinion on financial supervision in Germany

Chapter II Supplementary supervision SECTION 1 FINANCIAL POSITION

Chapter VIII Financial stability and prudential supervision 1 2 3 Arrangements for financial stability and prudential supervision Structure , performance and risks in the banking sector Banking and financial regulation 136 137 140

Contribution to prudential supervision and financial stability

Chapter IX Financial stability and supervision 1 2 3 Structure , performance and risks in the banking sector Arrangements for financial stability and supervision Banking and financial regulation 152 155 157

BSC report on international financial reporting standards and financial stability

ECB Opinion on the reform of financial supervision in Poland

ECB Opinion on the reform of financial supervision in Germany

ECB Opinion on financial stability measures and supervision in Latvia

ECB Opinion on the reform of financial supervision in Austria

FINANCIAL LIABILITY FOR SUPERVISORY AUTHORITIES Some Member States place their financial supervisory authorities within their NCB .

Discussions on supervisory issues and financial stability at the European and international level .

Second , as financial integration proceeds , the framework for supervision and financial stability must remain robust and efficient .

The EU 's single financial market goes hand in hand with prudential soundness and financial stability .

General context The EU single financial market goes hand in hand with prudential soundness and financial stability .

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ECB Opinion on Finnish legislation relating to the integration of financial and insurance supervision

Discussions on supervisory issues and financial stability at the European and international level ( see Chapters V and IX ) .

The practical arrangements for the ECB 's international representation and co operation , as described in the ECB 's Annual Report 1999 , remained broadly unchanged . Within the EU , co ordination on international macroeconomic and financial issues was strengthened , inter alia , in the context of the EFC 's regular activities , as well as through improved information exchanges with the IMF Executive Directors representing the Member States of the EU and with the ECB Observer .

In Finland , the operational framework of the Financial Supervision Authority is under review with a view to improving its functionality .

Notably , it proposed that an enhanced European financial supervisory framework should be based on the creation of two institutions that would take care of micro and macro prudential supervision at the EU level .

Supplementary supervision should cover all financial activities identified by the sectoral financial legislation and all entities principally engaged in such activities should be included in the scope of the supplementary supervision .

PRUDENTIAL SUPERVISION Article 25 Prudential supervision

Fur thermore , the Eurosystem contributes to the conduct of financial supervision it advises legislators in its field of competence and it compiles monetary and financial statistics .

It will also remain crucial in the near future in order to complete the process . The key elements for a successful completion , namely regulation , supervision and financial infrastructure , are already largely in place .

I referred earlier to the need to develop adequate and harmonised regulatory and institutional arrangements and an adequate supervisory framework .

Noting that some territorial Governments have made efforts towards achieving the highest standards of financial supervision,

8 Banking supervision and financial stability In Stage Three of EMU prudential supervision will remain a competence of the national authorities ( either the NCB , or a non central bank body or , in some cases , both together ) .

PRUDENTIAL SUPERVISION Article 25 Prudential supervision 25.1 .

Taken together, the reforms adopted since the start of the crisis have changed the way that Europe s economies and financial sector are legislated, supervised, and regulated.

members of the board of the central bank will have a seat on the board of the supervisory authorities and a new Financial Stability Committee chaired by the governor of the central bank will be in charge of co ordinating the supervision of the financial sector .

CHAPTER V PRUDENTIAL SUPERVISION Article 25 Prudential supervision 25.1 .

Chapter V Prudential supervision Article 25 Prudential supervision 25.1 .

BANKING SUPERVISION

Internal oversight

PRUDENTIAL SUPERVISION

Prudential supervision

The format of the EBC should be expected to follow the recommendations of the Report of the Economic and Financial Committee on financial regulation , supervision and stability .

Legal issues Banking supervision and financial stability The EMI has examined how in Stage Three of EMU the ESCB can contribute to the smooth conduct of the policies pursued by the competent authorities in the fields of banking supervision and the stability of the financial system , under Article 105 ( 5 ) of the Treaty .

Financial stability amp supervision the Eurosystem contributes to the smooth conduct of policies pursued by the authorities in charge related to the prudential supervision of credit institutions and the stability of the financial system .

Banking supervision

Management and oversight