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The Single Supervisory Mechanism or 'Ssm', Part One of the Banking Union
2014
Social Science Research Network
The Regulation on the Single Supervisory Mechanism mandates the European Central Bank to exercise prudential supervision on the banks located in the Euro area, whether directly by the Bank's own services for the significant banks, or indirectly by the national prudential supervisors but under the general guidance of the ECB for the less significant banks. The paper gives a detailed analysis of the new regime, its scope, the consequences for the existing supervisory systems, especially the
doi:10.2139/ssrn.2427577
fatcat:dalm6nrip5h5hol4kuirkyc65q