The Banking Supervision Committee of the ESCB and its contribution to financial stability in the EU

The Banking Supervision Committee (BSC) of the European System of Central Banks (ESCB) was established in 1998 to assist in the fulfilment of the ESCB's statutory tasks in the fields of prudential supervision of credit institutions and the stability of the financial system.1) The BSC is composed of high-level representatives from the EU banking supervisory authorities, national central banks and the ECB, the latter providing also the Secretariat to the Committee. The European Commission and …