Banking supervision glossary

Directive 2014/59/EU of the European Parliament and of the Council establishes a harmonised framework for the recovery and resolution of credit institutions and investment firms. It introduces harmonised tools and powers relating to prevention, early intervention and resolution for all EU Member States.

One of the building blocks for completing Economic and Monetary Union, which consists of an integrated financial framework with a single supervisory mechanism, a single bank resolution mechanism, and a single rulebook, including for harmonised deposit guarantee schemes, which may evolve into a common European deposit insurance scheme. See also Single Resolution Mechanism (SRM), Single Supervisory Mechanism (SSM)

The primary global standard-setter for the prudential regulation of banks and a forum for cooperation on banking supervisory matters. Its mandate is to strengthen the regulation, supervision and practices of banks worldwide with the purpose of enhancing financial stability. BCBS members include organisations with direct banking supervisory authority and central banks.

A global regulatory framework for banks and banking systems, developed by the Basel Committee on Banking Supervision in response to the financial crisis of 2008. Basel III builds upon the Basel II rulebook. Its aim is to strengthen the regulation, supervision and risk management of the banking sector. The measures aim to improve the banking sector's ability to absorb shocks arising from financial and economic stress, improve risk management and governance, and strengthen banks' transparency and disclosures.

See Basel framework (Basel III)

See Basel Committee on Banking Supervision (BCBS)

Basel Core Principles

breach reporting mechanism

See Bank Recovery and Resolution Directive (BRRD)