On 16 June 2025, students from the Institute for Law and Finance (ILF) attended an insightful presentation on European banking supervision at the European Central Bank (ECB). Ms. Catherine Roddier-Chosson from the ECB's Directorate General for On-Site Missions and Internal Model Investigations, provided a comprehensive overview of the ECB's vital role in maintaining the stability of the European financial system. She emphasized the importance of effective supervision in maintaining financial stability and protecting the integrity of the European banking sector and outlined five core principles of effective supervision: it must be risk-based and forward-looking, judgment-based, independent, calibrated and action-oriented. She also traced the development of the Single Supervisory Mechanism (SSM), a key pillar of European banking supervision that brings the ECB together with the national authorities of all eurozone countries.
The presentation concluded with an overview of the SSM’s recent strategic priorities. These priorities reflect the rapidly shifting global environment, which is characterized by geopolitical tensions, climate-related and environmental risks, technological innovation, and demographic change. The ECB aims to ensure that the supervisory framework remains agile and responsive in the face of these challenges.
For the ILF students, attending this session was an invaluable experience, offering them direct insight into and a lively dialogue about how the ECB is working on European banking supervision. The session also demonstrated the importance of acquiring legal and financial skills in today's interconnected financial world.
