Press room

Single Supervisory Mechanism (SSM)

The Single Supervisory Mechanism (SSM) creates a new system of financial supervision comprising the ECB and the national competent authorities of participating EU countries. The ECB assumed its new banking supervision responsibilities on 4 November 2014.

The SSM represents the first step towards the so-called banking union which is expected to include as well a single resolution mechanism and a harmonized system of deposit insurance.

All the links are opened in PDF format  PDF File. Opens in a new window

Related Information

Notes Search