Banking and securities law
The Single Supervisory Mechanism (SSM): role and operation explained
By Raphaël MORENON5 May 2025Is your institution subject to an ECB inspection or anticipating a sanction procedure under the Single Supervisory Mechanism? The ESM, the first pillar of the banking union, has given the ECB considerable supervisory powers over significant institutions since November 2014. Understanding the division of powers between Frankfurt and the national authorities is essential for preparing your defence.
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