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Asen Lefterov
- 30 October 2015
- LEGAL WORKING PAPER SERIES - No. 15Details
- Abstract
- This working paper discusses the concept of the Single Rulebook as well as its interaction with the Single Supervisory Mechanism (SSM) from a legal perspective. It aims to provide a comprehensive overview of the scope of the Single Rulebook, with a specific focus on banking legislation. It further considers the application of the Single Rulebook, in particular by the European Central Bank (ECB) as part of the SSM, and flags potential challenges and possible solutions. Based on these findings the author considers that the furthering of the Single Rulebook, both in terms of subject areas and granularity of rules, will make the operation of the SSM more efficient, while the establishment of the SSM may also improve the content of the Single Rulebook.
- JEL Code
- K : Law and Economics