Friday 9 May 2014

Europe: Implementing the single supervisory mechanism - ECB quarterly report

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

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