The Single Supervisory Mechanism
Getting to grips with the new regime
Deloitte’s latest point of view on the Single Supervisory Mechanism is now available.
It has been six months since the European Central Bank took on its responsibilities for prudential supervision under the Single Supervisory Mechanism (SSM). This paper draws on insights from the EMEA Centre for Regulatory Strategy (ECRS) and the Deloitte Banking Union Centre in Frankfurt, and the experience of Deloitte practitioners and our clients. It compares how the SSM has performed against our earlier expectations, and explains how the new regime is working in practice.