The Single Supervisory Mechanism or 'SSM', Part One of the Banking Union

The Single Supervisory Mechanism or 'SSM', Part One of the Banking Union

Report

The Single Supervisory Mechanism or 'SSM', Part One of the Banking Union

The Regulation on the Single Supervisory Mechanism mandates the European Central Bank to exercise prudential supervision on the most significant banks located in the Euro area, whether directly by the Bank’s own services, or indirectly by the national prudential supervisors but under the general guidance of the ECB.

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