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1. Watching over 21,000 billion euros

   does the ECB Single Supervisory Mechanism affect bank competition in the euro area?
   Autor*in: Raunig, Burkhard; Sigmund, Michael

   Erschienen: [2023]

   Verlag:  OeNB, Oesterreichische Nationalbank, Vienna, Austria

   Under the Single Supervisory Mechanism (SSM), introduced in 2014, systemically important euro area banks with combined assets of about 21,000 billion euros are directly supervised by the ECB. We examine from a static and a dynamic perspective how... mehr

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   Kiel: ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel

   Standort:

   ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel

   Signatur:

   DS 821

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   Under the Single Supervisory Mechanism (SSM), introduced in 2014, systemically important euro area banks with combined assets of about 21,000 billion euros are directly supervised by the ECB. We examine from a static and a dynamic perspective how this fundamental shift to unified supervision under the SSM affects the competitive position of SSM banks. We find that the SSM reduced competition for SSM banks in countries affected by the sovereign debt crisis. Otherwise, the impact of the SSM was limited or competition increased. Furthermore, our results suggest that anti-competitive side effects of the SSM are unlikely to be permanent.

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   Quelle:	Verbundkataloge
   Sprache:	Englisch
   Medientyp:	Buch (Monographie)
   Format:	Online
   Weitere Identifier:	hdl: 10419/283423
   Schriftenreihe:	Working paper / Oesterreichische Nationalbank ; 250
   Schlagworte:	ECB Single Supervisory Mechanism; Banking supervision; Competition; Lerner index; Persistence of profits
   Umfang:	1 Online-Ressource (circa 49 Seiten)