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SUMMARY TABLE OF CONTENTS

XXIII

5. Due process for adopting supervisory Decisions

5.1 The framework

............................................................................................... 278

5.2 ECB supervisory procedures

....................................................................... 279

5.3 ECB supervisory Decisions

.......................................................................... 282

6. Other organisational principles

6.1 Reporting of breaches

.................................................................................. 283

6.2 Professional secrecy of the members of the Supervisory

Board and of the ECB staff - exchange of information

........................ 285

6.3 ECB human resources - exchange and secondment of staff

............. 288

Section G:

Concluding remarks and assessments

1. The new EU regulatory and supervisory framework:

a general overview

1.1 The main elements of the new regulatory and supervisory

framework

....................................................................................................... 293

1.2 The threat of over-regulation

.................................................................... 297

1.3 Resilience of the new framework

............................................................ 298

1.4 A brief cost-beneÀt analysis

...................................................................... 301

1.5 An assessment

................................................................................................. 304

2. In particular: an evaluation of the SSM framework

2.1 General considerations

................................................................................. 307

2.2 A brief cost-beneÀt analysis

....................................................................... 310

3. A Ànal assessment

................................................................................................ 314

Primary sources

A. International Law

1. Basel Committee on Banking Supervision

................................................... 323

2. Financial Stability Board

.................................................................................. 324

B. EU Law

1. Treaties

.................................................................................................................... 324

2. Regulations

2.1 Regulations of the Council

........................................................................... 325

2.2 Regulations of the European Parliament and of the Council

............. 326

3. Directives of European Parliament and of the Council

......................... 327

4. Directives of the Council

................................................................................... 330