ECB Annual Report on supervisory activities

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Training plays an important role in this process. Developing a common approach to training for supervisors will contribute to: • a consistent approach to supervision; • a common supervisory culture; • intra-SSM mobility, flexibility and employee development; • the creation of economies of scale and greater expertise within the SSM. Chart A Joint effort: NCA/<strong>ECB</strong> training courses organised in 2016 20 15 15 17 As a result of the joint effort of the supervisory community, 34 system-wide training courses were held in 2016, hosted by both NCAs and the <strong>ECB</strong>. Fourteen of these had been newlydesigned and over 1,200 places were offered to SSM staff. In 2017 more than 60 system-wide training courses will be offered. 10 5 2 0 <strong>ECB</strong> and NCA NCA <strong>ECB</strong> Regular JST workshops JSTs are the backbone of the SSM. To contribute to building a single team of European banking supervisors, the <strong>ECB</strong> launched one-day workshops in 2016. These “Working in a JST” workshops take place in Frankfurt am Main and other euro area locations. At these dynamic and interactive workshops, supervisors share sound practices that may have already been implemented in some teams to make their internal cooperation more effective and efficient. The workshops also provide an opportunity for JST members from across the euro area to exchange views during practical exercises. More generally, they foster collaboration and increase openness and transparency among members of the same JSTs. SSM traineeships In 2016 the <strong>ECB</strong> launched the first SSM Traineeship Programme with the aim of creating a pool of young talent for the entire SSM. As part of this programme, graduates have the opportunity to move across institutions within the SSM, which helps them to gain valuable pan-European work experience and allows them to contribute to a common European banking supervisory culture. On 1 October 2016, 26 out of the 33 participants in the SSM Traineeship Programme 2016 opted to join national supervisors in several European countries for a four-month assignment. For most of them this was their second placement at a national competent authority in addition to time spent at the <strong>ECB</strong>. At the end of their secondments all the SSM trainees will return to the <strong>ECB</strong> in Frankfurt am Main to share what they have learned and provide feedback about the programme and their experiences of the SSM’s working culture. <strong>ECB</strong> <strong>Annual</strong> <strong>Report</strong> on supervisory activities 2016 − Organisational set-up of <strong>ECB</strong> Banking Supervision 59
4.4 Implementation of the Code of Conduct Under Article 19(3) of the SSM Regulation, the <strong>ECB</strong> is required to have a Code of Conduct that governs <strong>ECB</strong> staff and management involved in banking supervision and that addresses in particular any concerns regarding conflicts of interest. The relevant provisions are contained in the <strong>ECB</strong>’s Ethics Framework, which is implemented by the Compliance and Governance Office (CGO). The CGO advises all <strong>ECB</strong> staff on ethical issues. More than 1,500 Requests received by the Compliance and Governance Office in 2016 Throughout 2016 more than 1,500 requests were received by the CGO from <strong>ECB</strong> staff members relating to a wide range of topics. One-third of those came from staff involved in banking supervision and concerned, inter alia, private financial transactions, post-employment restrictions, gifts and hospitality and other concerns regarding conflicts of interest (see Chart 10). The CGO identified a limited number of instances of non-compliance, roughly one-third of which related to staff and management involved in banking supervision. None of those instances related to intentional misconduct or other serious instances of non-compliance. Chart 10 Requests received in 2016 mostly concerned private financial transactions Private financial transactions 206 Post-employment restrictions 110 Gifts & hospitality 53 Account declaration 41 Conflicts of interest 36 Other 29 External activity 28 0 50 100 150 200 250 Of those members of staff and management involved in banking supervision who resigned from their post in 2016, no case triggered a cooling-off period in line with the Ethics Framework. With a view to achieving an adequate corporate and ethics culture across the SSM, the NCAs have communicated to the <strong>ECB</strong> the measures they have taken to implement and comply with the <strong>ECB</strong>’s Guideline setting out the common principles of an Ethics Framework for both the <strong>ECB</strong> and NCAs. A dedicated ethics task force facilitated these activities and continued to support the Governing Council in this respect. The <strong>ECB</strong>’s Ethics Committee advises members of those bodies that are involved in the <strong>ECB</strong>’s decision-making processes on ethical issues. It issued SSM-related <strong>ECB</strong> <strong>Annual</strong> <strong>Report</strong> on supervisory activities 2016 − Organisational set-up of <strong>ECB</strong> Banking Supervision 60
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ECB Annual
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5.2 Feeing framework 2016 67 6 Lega
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Introductory interview with Danièl
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Speaking of banks, how are the Euro
Page 9 and 10: European banking supervision has th
Page 11 and 12: exposed banks to ensure that they w
Page 13 and 14: The quantitative impact of the adve
Page 15 and 16: Figure 2 gives an overview of the S
Page 17 and 18: 1.2.2 Work on other methodologies T
Page 19 and 20: Figure 4 Ratio of non-performing lo
Page 21 and 22: Chart 4 On-site inspections mainly
Page 23 and 24: The IT risk methodology was also re
Page 25 and 26: Based on the assessment methodology
Page 27 and 28: the year, JSTs actively monitored t
Page 29 and 30: frequency, duration and resources.
Page 31 and 32: Finally, the ongoing cooperation be
Page 33 and 34: 2 Authorisations, enforcement and s
Page 35 and 36: Annual assessment
Page 37 and 38: Table 5 Most authorisation procedur
Page 39 and 40: towards harmonisation by developing
Page 41 and 42: Chart 5 Enforcement and sanctioning
Page 43 and 44: 3 The SSM as part of European and g
Page 45 and 46: In 2016 the ECB in
Page 47 and 48: An ECB representat
Page 49 and 50: The Basel III reforms have not been
Page 51 and 52: Despite the significant efforts mad
Page 53 and 54: In the course of 2016 the E
Page 55 and 56: Supervisory Board Front row (from l
Page 57 and 58: Chart 8 Number of requests for revi
Page 59: Regarding gender diversity, the dis
Page 63 and 64: 4.6 Data reporting framework and in
Page 65 and 66: • 1,295 public enquiries received
Page 67 and 68: supervisory fees (“the Fees Regul
Page 69 and 70: Total amount levied €404.5 millio
Page 71 and 72: More information on supervisory fee
Page 73 and 74: prudential purposes by national com
Page 75 and 76: Table 3a Composition of assets by r
Page 77 and 78: jurisdictions. Fit and proper asses
Page 79 and 80: SSM Regulation: the legal act creat
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ECB Annual Report on supervisory activities

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