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The
European Central Bank has published its second quarterly report in respect of the implementation of the
Single Supervisory Mechanism (SSM) Regulation: see
here (
pdf). This notes, amongst other things, that in April the ECB published a regulation setting out a framework for cooperation between the ECB and national competent authorities and national designated authorities: see
here (
pdf).
For further information concerning the SSM, see the
information provided by the ECB as well as E. Wymeersch,
The Single Supervisory Mechanism or 'SSM', Part One of the Banking Union, Ghent University Financial Law Institute Working Paper No. 2014-01, available at
SSRN: see
http://ssrn.com/abstract=2403859.
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