Abstract
The aim of this paper is to provide an analysis of the power of the ECB to impose administrative penalties as a supervisory authority within the context of the ‘Single Supervisory Mechanism’, which is a major building block of the European Banking Union. It is structured in three (3) sections. Section 1 provides a general overview of the specific supervisory tasks conferred upon the ECB in relation to credit institutions and other supervised entities incorporated in participating Member States, as well as its investigatory and specific supervisory powers towards the achievement of the aim of these tasks. Section 2 outlines, in particular, the legal framework pertaining to the ECB’s sanction powers as a supervisory authority in case of breaches of regulatory requirements under EU banking law, as well as those under its own legal acts (Regulations and supervisory Decisions), and Section 3 contains some concluding remarks.
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