Luís Máximo dos Santos: 10 years of Single Supervisory Mechanism (SSM) – a Pari Passu journey
By Bank for International Settlements (BIS)
In this June 2024 address, Vice-Governor Luís Máximo dos Santos reflects on the 10th anniversary of the Single Supervisory Mechanism (SSM), the first and most critical pillar of the European Banking Union. He frames the SSM not merely as a technical achievement but as a vital political compromise forged during the depths of the Eurozone crisis.
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