Single monitoring mechanism
Tasks and powers of the ECB within the Single Supervisory Mechanism (SSM)
By Raphaël MORENON5 May 2025Since the financial crisis of 2007-2008 and the ensuing sovereign debt crisis, the European Union has undertaken a far-reaching reform of banking supervision. The creation of the Banking Union, and within it the Single Supervisory Mechanism (SSM), marked a major turning point. This mechanism gives the European Central Bank (ECB) a central role in the supervision of credit institutions in participating Member States. Understanding the ECB's remit and extensive powers under this framework is essential for players in the banking sector and their partners. This article details the ECB's key competences within the ESM, shedding light on the functioning of this enhanced supervisory architecture at European level. For an overview, please see our article on the overall functioning of the ESM. The fundamental tasks entrusted to the ECB by the ESM The ESM Regulation (European...
MSU: understanding the principles and scope of single banking supervision
Banking and securities law, Single supervisory mechanismThe European Banking Union, conceived in response to the financial turmoil of 2007-2008 and the sovereign debt crisis that followed, represents a major step forward in financial integration within the European Union. At the heart of this union is the Single Supervisory Mechanism (SSM), an integrated system...The Single Supervisory Mechanism (SSM): role and operation explained
Banking and securities law, Single supervisory mechanismThe European banking landscape has been profoundly reshaped in recent years, particularly since the financial crises that have shaken the global economy. At the heart of this transformation is the Banking Union, an ambitious project aimed at strengthening the solidity of banks and harmonising their supervision within the eurozone...
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