Single Supervisory Mechanism (SSM)

What is Single Supervisory Mechanism (SSM)?

Single Supervisory Mechanism (SSM) definition and meaning on Finance terms:
A mechanism composed of the ECB and national competent authorities in participating Member States for the exercise of the supervisory tasks conferred upon the ECB. The ECB is responsible for the effective and consistent functioning of this mechanism, which forms part of European banking union. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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