Public Hearing with Danièle Nouy, Chair of the Single Supervisory Mechanism, ECON on 13 June 2016

10-06-2016

This is a note prepared by the 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 European Parliament and the European Central Bank. The following issues are addressed in this briefing: the increase in SSM supervisory fees, a state-of-play regarding National Options and Discretions, the Comprehensive Assessment of four banks in 2016, two external briefing papers requested in advance of the hearing, the recent proposal by the Basel Committee regarding the use of internal models, and the Commission’s 2016 Draft Banking Related Country-Specific Recommendations.

This is a note prepared by the 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 European Parliament and the European Central Bank. The following issues are addressed in this briefing: the increase in SSM supervisory fees, a state-of-play regarding National Options and Discretions, the Comprehensive Assessment of four banks in 2016, two external briefing papers requested in advance of the hearing, the recent proposal by the Basel Committee regarding the use of internal models, and the Commission’s 2016 Draft Banking Related Country-Specific Recommendations.