1. Participating countriesIT LT LV IE FR DE ES PT BE LU NL AT SI SK EE FI GR MT CY
Country
Belgium (BE)
Germany (DE)
Estonia (EE)
Ireland (IE)
Greece (GR)
Spain (ES)
France (FR)
Italy (IT)
Cyprus (CY)
Latvia (LV)
Lithuania (LT)
Luxembourg (LU)
Malta (MT)
Netherlands (NL)
Austria (AT)
Portugal (PT)
Slovenia (SI)
Slovakia (SK)
Finland (FI)

2. Structure of the Single Supervisory Mechanism
Framework Regulation
Direct supervision
Indirect supervision
oversees the system
support
Less significant institutions
Significant institutions
Horizontal divisions
Joint Supervisory Teams
National supervisors
ECB
Location,
Name of the Author

3. Main powers Micro-prudential tools Macro-prudential tools
Grant or withdraw bank licences
Authorise acquisitions of qualified holdings
Monitor compliance with all prudential requirements laid down in EU banking rules
Conduct investigations and on-site inspections
Set prudential requirements (own funds, large exposure limits, liquidity, leverage and disclosure, internal governance and controls, “fit and proper tests”)
Carry out supervisory reviews
Impose corrective measures and sanctions
Define higher requirements for capital buffers than applied by national supervisory authorities and set a buffer rate if the national supervisor has not done so

4. Governance Supervisory Board Steering Committee Chair
Vice-Chair
Four ECB representatives
One representative from each national supervisor (19)
Chair of the Supervisory Board
Vice-Chair of the Supervisory Board
One ECB representative
Seven representatives from national supervisors
Planning and execution of tasks
Carrying out preparatory work and drafting decisions
Supporting Supervisory Board activities

5. Legal or natural persons
Decision-making
Supervisory Board
Governing Council
submits draft decision
a) does not object
Adoption
Objection
b) objects
sends back to Supervisory Board
for submission of new draft decision
Mediation
Mediation Panel
resolves differences of views expressed by NCAs regarding an objection
legal or natural
persons concerned
may request review by Administrative Board of Review
Administrative
Board of Review
Legal or natural persons
Review
submits non-binding opinion to Supervisory Board for submission of new draft decision