In 2024 the European Single Supervisory Mechanism (SSM) will celebrate its 10th anniversary. Taking over direct banking supervision of the largest banks across the euro area in November 2014 was a crucial milestone to build the banking union. The need for a centralised banking supervision in Europe was a direct lesson learnt from the great financial crisis and the subsequent sovereign debt crisis in order to rebuild trust in the banking sector and increase the resilience of the financial system within the monetary union.
Its 10th anniversary is a convenient opportunity to take stock and discuss both the achievements of the SSM and the challenges ahead, in particular from a supervisory perspective. Therefore, the organisers of the conference invite submissions of research papers that address inter alia the following topics:
10 years SSM: Lessons learnt
- Which impact did the SSM have on the resilience of the banking system, for example regarding capital adequacy and governance of banks; non-performing loans; profitability and performance of banks?
- How far have we progressed and which obstacles remain for the integration of a European banking market? Which roles can M&A activities and cross-border banking play?
- The interaction between SSM and banking union: Which lessons can be learnt from the last 10 years on the interplay between banking supervision and banking resolution and which challenges still lie ahead?
Supervisory architecture
- Which supervisory approach is more effective? How can supervisory effectiveness be measured?
- Has a supervisory level playing field been achieved in the SSM? How best to reconcile need for consistency with more risk-focused supervision?
- The current institutional structure of a joint European banking supervision approach: mission accomplished or in need of further supervisory and regulatory reforms?
- How can the interplay of micro-and macro-prudential supervision be most efficient considering also a progressively changing financial sector?
Future challenges for banking supervision in a changing financial system
- How do risks and their modelling evolve and which role can supervision play in making banks more resilient to risks?
- How could business models of the “bank of the future” look like? Which role will digitalisation play? What does the evolution of the financial sector imply for the supervisory approach?
The 2024 ECB Banking Supervision Research Conference offers a forum to discuss these themes, bringing together leading academics, representatives of central banks and supervisory authorities, and market practitioners.
Please submit your draft paper to ECB Banking Supervision at [email protected].
The submission deadline is 15 January 2024.
Contributors will be notified by end of February 2024.
The conference will be held in hybrid format. The ECB will contribute towards the cost of travel and accommodation expenses for academic speakers and discussants who attend in person.
Programme committee
- Thorsten Beck, EUI Florence, Chair
- Andreas Beyer, ECB
- Diana Bonfim, Banco de Portugal
- Jean-Edouard Colliard, HEC, Paris
- Klaus Düllmann, ECB
- Jacob Gyntelberg, EBA
- Florian Heider, SAFE and Goethe University Frankfurt
- Marie Hoerova, ECB
- Vasso Ioannidou, Bayes Business School
- Angela Maddaloni, ECB
- José-Luis Peydró, Imperial College, London
- Alexander Popov, ECB
