SSM: banks fret over giant supervisor's first steps

The European Central Bank is now home to the world’s biggest bank supervisor – a proud boast. Banks like the idea of harmonised eurozone supervision, but say their early brushes with the new overseer have been confusing and stressful

ecb-office-frankfurt
Rising up: SSM is part of, but independent of the ECB

The Single Supervisory Mechanism (SSM) – the eurozone's new big-bank watchdog – is an infant giant. Responsible for the oversight of 123 large banks based in 19 countries, it took its first, toddling, earth-shaking steps on November 4 last year, after hiring 800 supervisors during the course of 2014, and writing the 2,000-page manual that will guide their work.

As with all infants, its arrival has redefined the world around it. Banks are getting used to a new way of working, and their concerns

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here