SSM Accountability: Lessons Learned for the Monetary Dialogues

This study evaluates the European Parliament's accountability instruments in the Single Supervisory Mechanism (SSM) in light of their comparability to existing arrangements in monetary policy. The analysis shows that the Inter-Institutional Agreement with the European Central Bank in banking supervision did not result in a significantly different accountability relationship than the one between the two institutions in monetary policy. The results are based on interviews with Members of the European Parliament and an examination of questions asked in public hearings with the Chair of the Supervisory Board.