Legal working papers

In-depth studies for experts

Our Legal Working Paper Series (LWPS) disseminates legal research and doctrine on issues relevant to the tasks and functions of the ECB and the ESCB. Legal Working Papers (LWPs) constitute “work in progress”. They are published to stimulate discussion and contribute to the development of community, monetary and financial law. They are addressed to experts, so readers should be knowledgeable in the legal field.

Availability: ECB Legal Working Papers are available online only.

No. 15
30 October 2015
The Single Rulebook: legal issues and relevance in the SSM context


JEL Classification

K : Law and Economics


This working paper discusses the concept of the Single Rulebook as well as its interaction with the Single Supervisory Mechanism (SSM) from a legal perspective. It aims to provide a comprehensive overview of the scope of the Single Rulebook, with a specific focus on banking legislation. It further considers the application of the Single Rulebook, in particular by the European Central Bank (ECB) as part of the SSM, and flags potential challenges and possible solutions. Based on these findings the author considers that the furthering of the Single Rulebook, both in terms of subject areas and granularity of rules, will make the operation of the SSM more efficient, while the establishment of the SSM may also improve the content of the Single Rulebook.

Disclaimer: Please keep in mind that the papers are published in the name of the author(s). Their views do not necessarily reflect those of the ECB.