What Is The Single Supervisory Mechanism?

1.	What Is The Single Supervisory Mechanism?
Answer» The Single Supervisory Mechanism (SSM) is a new framework for banking supervision in Europe. It COMPRISES the ECB and national supervisory authorities of participating EU COUNTRIES. Its main aims are to: ensure the safety and soundness of the EUROPEAN banking system increase financial integration and stability in Europe The SSM is an important milestone TOWARDS a banking union within the EU. The Single Supervisory Mechanism (SSM) is a new framework for banking supervision in Europe. It comprises the ECB and national supervisory authorities of participating EU countries. Its main aims are to: The SSM is an important milestone towards a banking union within the EU.

Answer»

The Single Supervisory Mechanism (SSM) is a new framework for banking supervision in Europe. It COMPRISES the ECB and national supervisory authorities of participating EU COUNTRIES. Its main aims are to:

ensure the safety and soundness of the EUROPEAN banking system
increase financial integration and stability in Europe

The SSM is an important milestone TOWARDS a banking union within the EU.

The Single Supervisory Mechanism (SSM) is a new framework for banking supervision in Europe. It comprises the ECB and national supervisory authorities of participating EU countries. Its main aims are to:

The SSM is an important milestone towards a banking union within the EU.

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