Abstract
The essay aims at offering a critical assessment of Euroepan banking supervision, as it has been entrusted to the European Central Bank in the framework of the so-called “first pillar” of the Euroepan banking union. After discussing the peculiarities of the Single Supervisory Mechanism, including the delicate financial crisis in which it was created, the essay critically analyzes, from a legal point of view, the function of banking supervision and, finally, presents a unique perspective on its actual functioning.
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