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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.

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How to use the calendar: use the arrow keys to navigate the calendar. Press the arrows to navigate by days of the month. Press shift and the arrows to navigate by month. Press control and the arrows to navigate by year.

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