Policy
19.11.18

EMU: Holding the supervisor to account

The Single Supervisory Mechanism (SSM), which gave the European Central Bank (ECB) responsibilities for banking supervision in the euro area, is now 5 years old. The European Parliament is the main political actor with powers to publicly hold the ECB accountable in the SSM. But how does the relationship fare?

Image: CC Jeremy Brooks, source: flickr.com