The crisis management mechanism set in place by the ECB internally as single supervisor within the Banking Union in the Eurozone works, but there is room for improvement, the European Court of Auditors said on Tuesday 16 January.
The organisational structure of the ECB, which was set in place in record time, is “appropriate” and works, but we observed shortcomings at the level of communication between the ECB and the Single Resolution Board (SRB), reported Kevin Cardiff, a member of the...