One year later: outstanding priorities and forthcoming challenges

fr en

Since the introduction of the Single Supervisory Mechanism (SSM) the European Central Bank has already made significant progress in developing and embedding its supervisory approach

<< Back
11/11/2015 |
  • SSM white paper

Banks should carefully consider the implications of these developments and adopt a holistic view in order to be successful. The changing shape of the banking sector will play back to the Banking Union itself, forcing it to re-think approaches, priorities and focus

Laurent Berliner, Partner and Governance, Risk & Compliance Leader at Deloitte Luxembourg

As banks continue to tackle near-term challenges, many are asking what the SSM will look like in the future, and what the implications will be for their business models, and for the banking industry more broadly.

Although predictions are uncertain, it is safe to highlight two main points that will inevitably shape what the SSM will look like in the years to come.

Firstly, “it is highly likely that the Banking Union will be characterized by more supervision yet also greater consistency which will lead to higher expectation in terms of individual banks’ regulatory management”, comments Martin Flaunet, Partner and Banking Leader at Deloitte Luxembourg, “at the same time it is also important to look at the wider context in which the SSM operates”.

To contextualize the changes within financial services and how these will impact the SSM, requires a closer investigation of the broader regulatory environment for banks; competition and innovation; and the macroeconomic (and social and political environment). “Banks should carefully consider the implications of these developments and adopt a holistic view in order to be successful. The changing shape of the banking sector will play back to the Banking Union itself, forcing it to re-think approaches, priorities and focus”, explains Laurent Berliner, Partner and Governance, Risk & Compliance Leader at Deloitte Luxembourg.

Deloitte has released the white paper on “The future of the SSM and banking in the Eurozone”, investigating in detail what still needs to be done to realize the vision that the ECB set out at the start of the journey? How will the development of the other elements of the Banking Union affect the SSM? What will be the effect of the disruptive forces—the changing regulatory environment, rapid technological advances and shifting consumer preferences—on supervision?

Please find the white paper here: http://www2.deloitte.com/lu/future-ssm-banking-eurozone

Back to top  | << Back

Communiqués liés

Luxair
02/02/2023

Miles & More : gagner et dépenser des miles, maintenant sur...

Pour répondre à la forte demande des clients, Luxair annonce l'extension du pr...

Luxair
CACEIS
02/02/2023

CACEIS renforce son offre de services aux ETF en choisissan...

CACEIS complète ses prestations de services aux ETF en nouant un partenariat av...

CACEIS
NO-NAIL BOXES ISIBOX 66 3
01/02/2023

Les emballages responsables de NO-NAIL BOXES au LogiMat

Vous êtes à la recherche d’une solution d’emballage responsable ? Alors, ...

NO-NAIL BOXES
DSC01845
01/02/2023

Première édition des Roues Ovales Luxembourgeoises – Tou...

DSM Avocats à la Cour, en collaboration avec ROTOMADE, Degré110 et Backtosport...

DSM
CliffordChance
01/02/2023

Clifford Chance advises the EIB on its first GBP-denominated...

International law firm Clifford Chance has advised the European Investment Bank ...

Clifford Chance
Jan Saalfrank HD small
01/02/2023 Personnalités

Pinsent Masons renforce son bureau luxembourgeois avec l’a...

Pinsent Masons renforce son bureau luxembourgeois avec l’arrivée de Dr. Jan S...

Pinsent Masons

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more