SSM and the SRB accountability at European level: room for improvements?

Abstract:

This paper sets out recommendations for enhancing the accountability arrangements in respect of the European Central Bank and the Single Resolution Board within the confines of the presently applicable legal provisions. It recommends enhancing transparency, as a precondition for accountability.

Other recommendations are that the European Parliament consider engaging the ECB and the SRB in an in-depth thematic dialogue on substantive issues of a long-term relevance, and that the European Parliament expresses an interest in how accountable and responsive the ECB and the SRB are to criticism and how they approach their internal decision-making.