Banking Supervision Department

​​​​​​​​​​​​​​​​​​​​​​​​​​The Banking Supervision Department is entrusted with the supervision of credit institutions, as well as of undertakings and institutions of the financial sector that are subject to supervision by the Bank of Greece, apart from those falling within the scope of the Supervised Institutions Inspection Department.

Main responsibilities

  • to review compliance of supervised entities, on a solo and consolidated basis, with the regulatory framework governing their operation;
  • to review applications for banking licenses and related authorisations and to monitor the continued fulfillment of conditions for authorisation;
  • to monitor, on an ongoing basis, compliance with the capital, liquidity and risk frameworks and to collaborate with the European Central Bank in the context of the Single Supervisory Mechanism;
  • to assess the internal control systems of supervised entities, including risk management and compliance systems;
  • to supervise transparency in banking procedures and transactions (under the legislation in force, the Bank has no competence in respect of any unfair contractual clauses);
  • to recommend on the imposition of administrative sanctions that the Bank of Greece may impose on supervised entities.

The Banking Supervision Department comprises the following sections:​​

 

  • ​​ Risk Analysis Section
  • Administrative Support Section
  • Other Institutions Supervision Section
  • Non-Systemic Credit Institutions Supervision Section
  • Systemic Credit Institutions Supervision Section A
  • Systemic Credit Institutions Supervision Section B
  • Internal Models and Supervisory Exercises Section
  • Regulatory Framework Section
  • Transactions’ Regulation Section​​
  • Supervised Institutions’ Customers Complaints Section
  • Risk Methodology and Quality Assurance Section
  • Banking and Insurance Professionals Certification Section
  • SCRFID IT Systems Design and Support Section
  • Prudential Reporting Section
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