Single Supervisory Mechanism: Difference between revisions
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In the Euro zone, the European Central Bank (ECB) regulates the financial stability of banks through its Single Supervisory Mechanism (SSM). | In the Euro zone, the European Central Bank (ECB) regulates the financial stability of banks through its Single Supervisory Mechanism (SSM). | ||
The ECB has final supervisory authority, with Euro zone member states’ national supervisory authorities providing a supporting role. | The ECB has final supervisory authority, with Euro zone member states’ national supervisory authorities providing a supporting role. | ||
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* [[Banking Union]] | * [[Banking Union]] | ||
* [[European Central Bank]] | * [[European Central Bank]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 11:24, 2 July 2022
European Union (EU) bank supervision.
(SSM).
In the Euro zone, the European Central Bank (ECB) regulates the financial stability of banks through its Single Supervisory Mechanism (SSM).
The ECB has final supervisory authority, with Euro zone member states’ national supervisory authorities providing a supporting role.
The ECB directly supervises the 'most significant' banks within each Euro zone member state, with the national supervisory authority directly supervising the other (less significant) banks within its jurisdiction.
