Joint Supervisory Teams (JSTs) are one of the main forms of cooperation between the ECB and the national supervisory authorities. They are formed for each significant banking group and consist of the staff from the relevant national supervisory authorities and ECB staff. The JST’s work is coordinated by an appointed ECB coordinator with the assistance of a national sub‑coordinator from each national supervisory authority involved.
JSTs perform the ongoing supervision of significant banks. Their main tasks are to perform the Supervisory Review and Evaluation Process (SREP), propose and implement the supervisory examination programme and liaise with the national supervisors.
Furthermore, JSTs are in charge of ensuring coordination with on-site inspection teams that usually perform examinations of individual risk areas, internal controls systems and corporate governance.