The Single Supervisory Mechanism (SSM) - A Practitionaries Guide

With the SSM a single supervisor for significant banks in the euro area and the participating Member States is newly established and will become operative for the first time in November 2014. This is a major shift in the European supervisory architecture. 

The Single Supervisory Mechanism Regulation (SSMR) and the so called Framework Regulation of the ECB (FR) are the legal instruments which establish the institutional and operational skeleton for the SSM operative in November 2014. 

Banks (significant and such which might become significant), regulators (including the ECB), scholars and interested parties will look at the functioning of the SSM and will therefore be interested in such a book.

Content overview:

• Purpose of the SSM and basic functioning
• Functioning
• Fundamental legal questions
• Governance structure and Decision Making
• Applicable substantive and procedural law
• Determining the significance of credit institutions
• Tasks and Powers, common procedures
• Enforcement and sanctioning
• Close cooperation
• Supervisory fees
• Contesting ECB supervisory decisions and liability