Single Supervisory Mechanism (SSM) Regulation

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Chapter 9 in EU Banking and Financial Regulation, 2024, pp 93-110 from Edward Elgar Publishing

Abstract: Regulation (EU) No 1024/2013 sets up the Single Supervisory Mechanism (SSM), which entrusts the European Central Bank (ECB) with specific tasks regarding policies relating to the prudential supervision of credit institutions in the euro area. This role is conducted independently in conjunction with national competent authorities (NCAs) and aims to ensure the safety and soundness of the European banking system, increase financial integration and stability and ensure consistent supervision. The SSM Regulation is completed by Regulation (EU) 468/2014 of the European Central Bank of 16 April 2014 establishing the framework for cooperation within the SSM between the ECB and NCAs (SSM Framework Regulation).

Keywords: Law - Academic; Law - Professional (search for similar items in EconPapers)
Date: 2024
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