The Single Supervisory Mechanism (SSM) - Stronger together? | Whitepaper
Just over a year after the unveiling of the proposal to set up a single banking supervisor for the Eurozone, the legislative process is coming to a close. Whilst this has been completed extremely fast by EU standards, the work that lies in front of the European Central Bank (ECB) as the new prudential supervisor of Eurozone banks will take longer, especially given the expectations placed on the new framework.
The most immediate challenge, but one with the potential to have long-term effects on the common supervisor, is its balance sheet assessment of all banks that it will directly supervise.
No less important are the challenges that lie beyond that: the need for a common supervisory approach, data and analytics related issues, and managing the talent agenda.
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