European and national supervisors oversee banks to identify financial risks in good time and so prevent the cost of bank failure being borne by national governments and taxpayers.
We will address the following questions in succession:
Supervision of banks
European Court of Auditors
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Special report no 02/2018: The operational efficiency of the ECB’s crisis management for banks (16-01-2018)
- Special report No 29/2016: Single Supervisory Mechanism - Good start but further improvements needed (18-11-2016)
Contact Committee
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Prudential supervision of medium-sized and small (“less significant”) institutions in the European Union after the introduction of the Single Supervisory Mechanism (PDF) - Report of the Task Force on European Banking Union to the Contact Committee of Supreme Audit Institutions of the European Union and the European Court of Auditors (14-12-2017)
Austria
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Bericht des Rechnungshofes Österreichische Bankenaufsichtsarchitektur (PDF), Reihe BUND 2017/20
Resolution of banks
European Court of Auditors
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Planning for EU bank resolution still missing some key elements (14-01-2021)
- Special report no 23/2017: Single Resolution Board: Work on a challenging Banking Union task started, but still a long way to go (19-12-2017)
Contact Commitee
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Preparation for resolution of medium-sized and small banks in the euro area (PDF) - Report of the Task Force on European Banking Union to the Contact Committee of Supreme Audit Institutions of the European Union and the European Court of Auditors (16-12-2020)
Estonia
Finland
Portugal
Austria
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Bankenabwicklung in Österreich Bericht des Rechnungshofes (PDF), Reihe BUND 2020/18
Last updated in April 2026, situation in January 2026.