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CEBS has published a report mapping in detail supervisory objectives and powers across EU banking authorities, with special focus on early intervention measures and the actual use of sanctioning powers.
This work was undertaken in response to two requests from the European Commission in March 2008 as a follow-up to the conclusions of the December 2007 ECOFIN Council, and September 2008 . The report provides input to the Commission's work on designing possible policy options for Early Intervention Tools for dealing with ailing banks. It also identifies areas where CEBS might wish to prioritize for further convergence of supervisory practices while taking note of possible legal constraints.