Toward an integrated enforcement of banking regulation: the case of the Single Supervisory Mechanism

In the aftermath of the global financial crisis, the EU created a new and centralised mechanism for the supervision of banks (SSM), based on an integrated legal framework and shared enforcement between the European Central Bank and the national banking supervisory authorities. In force since 2014, the SSM poses several unprecedented challenges:

• What are the principles governing enforcement within the SSM?
• Is the cooperation between the ECB and the national authorities effective?
• How should the investigative and sanctioning powers of the ECB be controlled? By which authorities? Are procedural safeguards sufficiently ensured?
• How can administrative and criminal enforcement interact without clashes?
• And last but not least, what is the role for criminal law? 
• In this perspective, the conference aims to achieve a better understanding of the dynamics between administrative and criminal law that occur in the field of European banking regulation, while identifying potential conflicts or frictions that might eventually undermine effective enforcement.

The conference will feature sessions on:

• Enforcing banking regulation in a post-crisis setting. What role for criminal law?
• Crisis-driven reforms on banking supervision
• Enforcement and sanctions of banking regulation across the Atlantic
• Judicial review in the SSM. Internal and external control on investigative and sanctioning powers
• Administrative and criminal enforcement: enemies or allies?

This conference marks the official closing of the three-year EUBAR research project, funded by the Luxembourg National Research Fund (FNR).

For more information or to register, please contact Olivier Voordeckers. Participation is free but registration is mandatory for purposes of organisation.