Differentiated Integration and the Single Supervisory Mechanism: Which Way Forward for the European Banking Authority?

Differentiated Integration and the Single Supervisory Mechanism: Which Way Forward for the European Banking Authority?

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Differentiated Integration and the Single Supervisory Mechanism: Which Way Forward for the European Banking Authority?

The establishment of the Single Supervisory Mechanism (SSM), as the first pillar of an EU Banking Union, represents a significant step towards greater integration in banking supervision. However, the scope of the SSM is limited to a group of Member States. Member States such as the UK have insisted that they will not be part of the SSM.

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