The European Central Bank's supervisory powers: the need for enhanced macro-prudential supervision

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The European Central Bank's supervisory powers: the need for enhanced macro-prudential supervision

This chapter discusses recent international regulatory reforms and developments in macro-prudential supervision in Europe and analyses whether the supervisory competences and the institutional design of the European Central Bank and the Single Supervisory Mechanism are adequate for the ECB to carry out its prudential supervisory powers and whether these powers are adequate for the ECB to be an…

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