The Operation of Supervisory Colleges after the Single Supervisory Mechanism of the European Banking Union

This article focuses on the operation of supervisory colleges after implementation of the first pillar of the European Union's Banking Union -- the Single Supervisory Mechanism. The article concludes that the operation of supervisory colleges for cross-border banks, particularly those that operate in the Eurozone, has been simplified. As a result, the dynamics of discussions during supervisory college meetings will likely change. Furthermore, colleges may take on more of a decision-making role in the supervision of cross-border banks. For global banks, the ECB will have a growing influence on discussions and, within the Eurozone, a decisive role over those banks