SSM

E386344

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