The Single Supervisory Mechanism (SSM) is one of the main pillars of the banking union and aims to ensure safety and soundness of the European banking system, increase financial integration and ensure consistent supervision. It comprises the ECB and the national competent authorities (NCAs) in the Euro Area and other participating EU Member States. Below are documents presenting the legal basis, implementation and other relevant information on the SSM and the supervisory work of the ECB.
Below are questions to the SSM/ECB from members of the European Parliament together with the replies from the institution.