Makroprudentielle Aufsicht

In this comprehensive and clearly structured work, the author addresses the various facets of macroprudential supervision using an impressive functional and comparative approach (which involves Germany, the UK, Slovenia and the USA). He assesses how macroprudential actors should be organised and which powers are necessary for them to fulfil their tasks appropriately. In doing so, he not only includes selected actors from EU Member States, but also US ones. At the European level, the European Systemic Risk Board (ESRB) is the outstanding macroprudential body. Nevertheless, the author attempts to determine which position is assigned to the Single Supervisory Mechanism (SSM) in the macroprudential system at this level. Additionally, he examines the relevant actors involved in safeguarding financial stability at a global level and the forms of macroprudential regulation from the global level to the national level.