ECA’S REPORT ON THE OPERATIONAL EFFICIENCY OF THE ECB’S CRISIS MANAGEMENT FOR BANKS

On 16 January 2018, the European Court of Auditors (ECA) published a report on the operational efficiency of the European Central Bank’s (ECB) crisis management for banks.

The report states that although the ECB has established a substantial framework for crisis management and resources for the assessment of bank recovery plans and the supervision of banks in crisis appear satisfactory, some flaws remain. Improvements are needed in initial planning and the allocation of staff to the most urgent situations.