Effectiveness of the SSM According To the Financial Stability Assessment Programme Cover Image

Ефективността на ЕНМ според програмата за оценка на финансовия сектор
Effectiveness of the SSM According To the Financial Stability Assessment Programme

Author(s): Milena Pesheva
Subject(s): Politics / Political Sciences, Politics, Economy, Business Economy / Management, Economic policy, EU-Accession / EU-DEvelopment, Financial Markets, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: effectiveness; core principles for effective banking supervision; SSM
Summary/Abstract: The current paper presents the criteria, which represent the basis of the Financial Stability Assessment Programme, conducted by the International Monetary Fund (IMF). Additionally, the paper analyses the assessment for the Single Supervisory Mechanism (SSM) and the main recommendations of the IMF. The goal of the paper is to present an objective evaluation of the development of banking supervision in the Euroarea, as well as the necessary amendments to increase the effectiveness of the SSM.