Between micro and macro: exploring the Single Supervisory Mechanism at the crossroads of micro- and macro-prudential supervision.

The new architecture for prudential supervision intends to bolster financial stability. A twofold legal structure was introduced: the micro dimension considers the supervision of individual credit institutions and is managed by the ECB (for significant banks); the macro dimension focusses on imbalances in the financial system and is handled at national level. However both dimensions are strongly interconnected. This research envisages a critical analysis elucidating the dynamic interplay between micro- and macro-prudential supervision to foster a coherent approach by authorities at both EU and national level. The research is conducted primarily from a legal perspective, but is embedded in the economic context and will build on economic realities.

Keywords:EUROPEAN COMMUNITY LAW, BELGIAN LAW, ECONOMIC SYSTEMS

Disciplines:Applied economics, Economic history, Macroeconomics and monetary economics, Microeconomics, Tourism, Law