Single Supervisory Mechanism
The Single Supervisory Mechanism (SSM) is the name for the mechanism which has granted the European Central Bank (ECB) a supervisory role to monitor the financial stability of banks based in participating states, starting from 4 November 2014. Eurozone states are obliged to participate, while Member states of the European Union outside the eurozone can voluntarily participate. As of 3 November 2014, none of the non-eurozone member states had opted to join, although the ECB reported that some of them had expressed an interest in joining, and that talks were being held with each of them to map which changes to national legislation need to be adopted in order to become a SSM member. The SSM is the first established part of the EU banking union, and will function in conjunction to the Single R
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Single Supervisory Mechanism
The Single Supervisory Mechanism (SSM) is the name for the mechanism which has granted the European Central Bank (ECB) a supervisory role to monitor the financial stability of banks based in participating states, starting from 4 November 2014. Eurozone states are obliged to participate, while Member states of the European Union outside the eurozone can voluntarily participate. As of 3 November 2014, none of the non-eurozone member states had opted to join, although the ECB reported that some of them had expressed an interest in joining, and that talks were being held with each of them to map which changes to national legislation need to be adopted in order to become a SSM member. The SSM is the first established part of the EU banking union, and will function in conjunction to the Single R
has abstract
El Mecanismo Único de Supervis ...... Mecanismo Único de Resolución.
@es
Mit dem einheitlichen Bankenau ...... s Landes ausmacht, übernommen.
@de
The Single Supervisory Mechani ...... e Single Resolution Mechanism.
@en
Link from a Wikipage to an external page
Wikipage page ID
37,115,883
Wikipage revision ID
728,444,079
commenced
2013-11-03
implementation
made
2013-10-15
madeby
Council of the European Union
madeunder
Article 127(6) of the TFEU.
number
OJref
(OJ L287, 29.10.2013, p.63–89)
OJrefurl
parties
All EU member states. However, ...... vision tasks conferred to ECB.
title
Conferring specific tasks on t ...... rvision of credit institutions
type
hypernym
comment
El Mecanismo Único de Supervis ...... l MUS. El MUS es el primer pil
@es
Mit dem einheitlichen Bankenau ...... s Landes ausmacht, übernommen.
@de
The Single Supervisory Mechani ...... in conjunction to the Single R
@en
label
Einheitlicher Bankenaufsichtsmechanismus
@de
Mecanismo Único de Supervisión
@es
Single Supervisory Mechanism
@en
