SSM

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SSM is the acronym for the Single Supervisory Mechanism, the European system for banking supervision led by the European Central Bank.

All labels observed (3)

Label Occurrences
SSM canonical 2
SSM Framework Regulation 1
SSM Regulation 1

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf European banking supervision framework
component of European Banking Union
abbreviation SSM
aimsTo ensure consistent supervision of banks in participating countries
ensure safety and soundness of the European banking system
increase financial stability in the euro area
allowsParticipationOf non-euro area EU member states
canImpose administrative sanctions on supervised entities
prudential requirements on banks
contributesTo macroprudential oversight in the EU
cooperatesWith European Banking Authority
Single Resolution Mechanism
national competent authorities
covers euro area member states
createdInContextOf European sovereign debt crisis
linked to: Eurozone crisis
establishedBy European Union legislation
fullName Single Supervisory Mechanism
governedBy ECB Supervisory Board
headquartersCountry Germany
headquartersLocation Frankfurt am Main
implements single rulebook for banking supervision in the EU
jurisdiction European Union
language English
ledBy European Central Bank
legalBasis Council Regulation (EU) No 1024/2013
Regulation (EU) No 1022/2013
objective break the bank-sovereign nexus in the euro area
promote integration and stability of the European financial system
parentOrganization European Central Bank
partOf EU financial regulatory architecture
European Banking Union
policyArea banking supervision
financial regulation
regionServed euro area
relatedTo Capital Requirements Directive IV
Capital Requirements Regulation
reportsTo Governing Council of the European Central Bank
scope prudential supervision of credit institutions
sector banking
startDate 2014-11-04
supervises less significant credit institutions through national competent authorities
significant credit institutions
supervisoryAuthority European Central Bank
typeOfSupervision microprudential supervision
uses Joint Supervisory Teams
usesInstrument Supervisory Review and Evaluation Process
off-site supervision
on-site inspections
website https://www.bankingsupervision.europa.eu

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Single Supervisory Mechanism abbreviation SSM
subject linked to: SSM
Council Regulation (EU) No 1024/2013 shortName SSM Regulation
linked to: SSM
Joint Supervisory Teams basedOnLegalFramework SSM Framework Regulation
linked to: SSM