Meeting the challenge of the SSM
The next 12 months will be key for establishing the priorities and approach of the SSM.The first six months will be dominated by addressing the findings of the recently completed Comprehensive Assessment.
The big data issue
The Single Supervisory Mechanism
Investment in data and analytics should be a priority for banking supervision in the context of the Single Supervisory Mechanism (SSM) and could be the differentiating factor that determines whether or not the SSM lives up to the aspirations that have been set for it.
This paper offers analysis of the challenges banks and supervisors share as well as how their interests in resolving them may differ.
This paper, produced by the Deloitte EMEA Centre for Regulatory Strategy, is relevant to supervisors at the European Central Bank (ECB) and national authorities in the SSM, and to SSM banks – responsibility for delivering new standards will be borne by all of them, and they all have a stake in determining the best way forward. Indeed, this could act as a template for supervisors more generally.
About the EMEA Centre for Regulatory Strategy
The EMEA Centre for Regulatory Strategy monitors regulatory developments and provides an expert, objective perspective on opportunities and challenges for clients. It utilises Deloitte’s Risk and Regulation, Strategy Consulting and other relevant areas of expertise to understand, influence and advise on regulatory change, with a particular focus on the strategic business model and aggregate impacts.
The Centre is headquartered in London with local representation across Europe. Our core team of dedicated professionals has extensive experience in regulation, through a combination of former regulators and risk and regulation strategy advisors and consultants.