

SUMMARY TABLE OF CONTENTS
XXI
4. The SSM as part of the European System of Financial
Supervision (ESFS)
4.1 The SSM as part of the European System of Financial
Supervision (ESFS)
......................................................................................... 119
4.2 The division of objectives and tasks among the ECB,
the EBA and the ESRB
................................................................................... 122
5. Creation of ‘Chinese walls’
5.1 Introductory remarks
.................................................................................... 124
5.2 General provisions
......................................................................................... 125
5.3 In particular: the Mediation Panel
............................................................ 132
Section D:
The speciÀc supervisory tasks conferred on the ECB -
Cooperation arrangements
1. The speciÀc supervisory tasks conferred on the ECB
1.1 Introductory remarks
.................................................................................... 137
1.2 The speciÀc tasks under Article 4, paragraph 1 of the SSM
Regulation
........................................................................................................ 141
1.3 The speciÀc tasks under Article 5 of the SSM Regulation
.................. 152
1.4 Regulatory powers
.......................................................................................... 163
2. Cooperation within the SSM
2.1 General principles and obligations applying to
the operation of the SSM
............................................................................. 167
2.2 Micro-prudential supervision of signiÀcant supervised entities
....... 171
2.3 Micro-prudential supervision of less signiÀcant
supervised entities
........................................................................................ 178
3. ‘Close cooperation’ between the ECB and the competent
authorities of Member States with a derogation
3.1 General considerations
................................................................................. 183
3.2 The procedure for and the effects of the establishment
of a close cooperation
.................................................................................. 185
3.3 Suspension or termination of a ‘close cooperation’ procedure
....... 188
4. Cooperation outside the SSM and the ESFS
4.1 Cooperation with competent authorities of non-participating
Member States
................................................................................................ 193
4.2 Cooperation with national resolution authorities
................................. 196
4.3 Cooperation with public Ànancial assistance facilities
....................... 198
5. International cooperation
............................................................................... 198