A governance structure of the Single Supervisory Mechanism, established by the ECB according to Article 24 of the SSM Regulation, for the purposes of carrying out, on request, independent internal administrative reviews of the supervisory decisions taken by the ECB and ensuring that such decisions conform with the ECB’s supervisory tasks and procedures. The Administrative Board of Review is composed of five individuals of high repute from Member States, with a proven record of professional supervisory experience and relevant knowledge in the fields of banking or other financial services (but not staff of a national competent authority, the ECB, or another EU institution). See also
Single Supervisory Mechanism (SSM)
advanced measurement approach
A person who is proposed for a position in the management body or as a key function holder of an institution, or who has been appointed to such a position.