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Speeches published in 2014

20/11/2014
Danièle Nouy:  Marking the inauguration of the ECB’s new supervisory responsibilities
Keynote speech by Danièle Nouy, Chair of the Supervisory Board of the Single Supervisory Mechanism, at the inauguration of the European Central Bank’s new supervisory responsibilities, Frankfurt am Main, 20 November 2014

Summary

Speaking at the Inauguration of the European Central Bank’s new supervisory responsibilities, Danièle Nouy, Chair of the Supervisory Board of the ECB, reflected on the origins of the Single Supervisory Mechanism, which she traced back to the hard lessons learned from the global financial crisis. She also commented on the unprecedented undertaking of setting up a new supervisory system in less than a year, while simultaneously conducting the comprehensive assessment. Ms Nouy stated that “the ECB was a perfect and natural home. No other institution could have offered better support for the creation of the SSM”.

Describing the SSM as the first supervisor “with a truly European mandate, which will impact the way we supervise the banking sector”, Ms Nouy argued that its set-up would allow for more benchmarking and peer comparisons. Ms Nouy then highlighted the need to address macro-prudential risks from a system-wide perspective. She noted that all of the moves to converge supervisory practices, such as the new Joint Supervisory Teams (JSTs) who base their supervisory decisions on the single European rulebook, would make little sense if the regulatory environment remained fragmented.

Looking ahead, the Chair of the European banking supervisory system called for reducing national discrepancies and pointed to the now famous report by Jacques de Larosière from 2009 in which he called for aligning financial regulation. “Our priority will be to tackle the most controversial national options, for instance regarding the definition of capital”, Ms Nouy added, before concluding that it was now time to focus on making this new system operate effectively to deliver supervision that is “tough and thorough”.

18/11/2014
Sabine Lautenschläger:  Start of the Single Supervisory Mechanism: from the comprehensive assessment to day-to-day supervision
Speech by Sabine Lautenschläger, Member of the Executive Board of the ECB, at the Euro Finance Week, Frankfurt, 18 November 2014
13/11/2014
Sabine Lautenschläger:  The interplay between macro-prudential, micro-prudential and monetary policies at the ECB (slides from the presentation)
Presentation by Sabine Lautenschläger, Member of the Executive Board of the ECB, at the conference “Macroprudential policy: Implementation and Interaction with other Policies” jointly organised by Sveriges Riksbank and the IMF in Stockholm, 13 November 2014
10/11/2014
Ignazio Angeloni:  The SSM sails past the starting line: Seeking high-quality supervision and level playing field
Remarks by Ignazio Angeloni, Member of the Supervisory Board of the European Central Bank, International conference on “Start of European Banking Union: Perspectives and Challenges” London School of Economics and Political Science, London, 10 November 2014
03/11/2014
Danièle Nouy:  Regular Hearing of the Chair of the ECB’s Supervisory Board at the European Parliament’s Economic and Monetary Affairs Committee
Introductory remarks by Danièle Nouy, Chair of the Supervisory Board of the ECB, Brussels, 3 November 2014
31/10/2014
Ignazio Angeloni:  Countdown to the start of the SSM
Speech by Ignazio Angeloni, Member of the Supervisory Board of the ECB, Conference on “El comienzo de la Supervisión Bancaria Europea” - Organised by KPMG and CUNEF – Collegio Universitario de Estudios Financieros, Madrid, 31 October 2014
26/10/2014
Danièle Nouy:  Transcript of the comprehensive assessment press conference (with Q&A)
Vítor Constâncio, Vice-President of the ECB and Danièle Nouy, Chair of the Supervisory Board of the Single Supervisory Mechanism (SSM), Frankfurt am Main, 26 October 2014
15/10/2014
Danièle Nouy:  Concluding remarks
Speech by Danièle Nouy, Chair of the Supervisory Board of the ECB, Seventh ECB Statistics Conference “Towards the banking Union. Opportunities and challenges for statistics”, Frankfurt am Main, 15 October 2014
30/09/2014
Sabine Lautenschläger:  National supervision in a European system: What is the new balance?
Speech by Sabine Lautenschläger, Member of the Executive Board of the ECB, Fifth FMA supervisory conference, Vienna, 30 September 2014
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26/09/2014
Ignazio Angeloni:  Ethics in finance: a banking supervisory perspective
Remarks by Ignazio Angeloni, Member of the Supervisory Board of the ECB, Conference on “The New Financial Regulatory System: Challenges and Consequences for the Financial Sector”, Venice, 26 September 2014
01/08/2014
Ignazio Angeloni:  Stress-testing banks: are econometric models growing young again?
Speech by Ignazio Angeloni, Member of the Supervisory Board of the ECB, at the Inaugural Conference for the Program on Financial Stability, School of Management, Yale University, 1 August 2014
23/06/2014
Danièle Nouy:  Single Supervisory Mechanism – Opportunities and Challenges
Speech by Danièle Nouy, Chair of the Supervisory Board of the ECB, at the Irish Banking Federation’s Banking Union Conference, Dublin, 23 June 2014
18/06/2014
Ignazio Angeloni:  Savings banks in the European banking landscape
Speech by Ignazio Angeloni, Member of the Supervisory Board of the ECB, at the Financial Meeting of the Confederación Española de Cajas de Ahorros, Madrid, 18 June 2014
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05/06/2014
Danièle Nouy:  Launch of the SSM – what will change in banking supervision and what are the imminent impacts on the banking sector?
Speech by Danièle Nouy, Chair of the Supervisory Board of the ECB, at the Third FIN-FSA Conference on EU Regulation and Supervision, Helsinki, 5 June 2014
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03/06/2014
Danièle Nouy:  Regulatory and financial reporting essential for effective banking supervision and financial stability
Dinner speech by Danièle Nouy, Chair of the Supervisory Board of the ECB, Fourth ECB conference on accounting, financial reporting and corporate governance for central banks, Frankfurt am Main, 3 June 2014
23/05/2014
Sabine Lautenschläger:  Making the comprehensive assessment a success
Speech by Sabine Lautenschläger, Member of the Executive Board of the ECB, at the Expansión – 5th Financial Event, Madrid, 23 May 2014
12/05/2014
Danièle Nouy:  Toward the European Banking Union: achievements and challenges
Speech by Danièle Nouy, Chair of the Supervisory Board of the Single Supervisory Mechanism, at the OeNB Economics Conference, Vienna, 12 May 2014
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18/03/2014
Danièle Nouy:  Hearing at the Committee on Economic and Monetary Affairs of the European Parliament
Introductory statement by Danièle Nouy, chair of the Supervisory Board, Single Supervisory Mechanism, ECB, Brussels, 18 March 2014
03/02/2014
Sabine Lautenschläger:  Confirmation hearing for the Vice-Chair of the SSM Supervisory Board
Speech by Sabine Lautenschläger, Member of the Executive Board of the ECB, Strasbourg, 3 February 2014