We now have in Europe a very complicated regulatory and supervisory framework for banks. Regulation is provided by the EBA, an EU-wide entity, while supervision is the responsibility of the SSM, but only for EZ banks. Bank resolution is disciplined by a specific EU Directive and governed by the SRM.
The European Systemic Risk Board (ESRB) is in charge of macroprudential monitoring.15 This is the European layer. The domestic layer, the NCAs, is also fully involved in both regulation and supervision, to various degrees.