Single Supervisory Mechanism: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create the page. Sources: linked pages.) |
imported>Doug Williamson (Add link.) |
||
| Line 12: | Line 12: | ||
== See also == | == See also == | ||
* [[Bank supervision]] | * [[Bank supervision]] | ||
* [[Banking Union]] | |||
* [[European Central Bank]] | * [[European Central Bank]] | ||
Revision as of 21:07, 4 August 2016
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.
