Single Supervisory Mechanism

E82771

The Single Supervisory Mechanism is the European banking supervision framework under the European Central Bank that directly oversees significant banks in participating EU countries to ensure the safety and stability of the banking system.

AI illustration

How this image was made

AI-generated illustration of Single Supervisory Mechanism

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of the Single Supervisory Mechanism (The Single Supervisory Mechanism is the European banking supervision framework under the European Central Bank that directly oversees significant banks in participating EU countries to ensure the safety and stability of the banking system.)

All labels observed (4)

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf banking supervision framework ⓘ
pillar of the European Banking Union ⓘ
administeredBy European Central Bank ⓘ
aimsTo break the bank-sovereign nexus ⓘ
harmonise banking supervision in the euro area ⓘ
appliesTo euro area member states ⓘ
non-euro EU member states that choose to participate ⓘ
cameIntoForce 2014-11-04 ⓘ
canImpose administrative sanctions on supervised entities ⓘ
prudential requirements on banks ⓘ
canPerform on-site inspections ⓘ
stress tests ⓘ
supervisory reviews ⓘ
cooperatesWith national competent authorities of participating member states ⓘ
coversSector banking sector ⓘ
establishedBy European Union ⓘ
geographicalArea participating EU member states ⓘ
governedByBody Supervisory Board of the European Central Bank ⓘ
headquarteredIn Frankfurt am Main ⓘ
implementedBy European Central Bank ⓘ
national competent authorities ⓘ
introducedFollowing European sovereign debt crisis ⓘ
keyComponent direct ECB supervision of significant banks ⓘ
indirect ECB oversight of national competent authorities ⓘ
languageOfOperation English ⓘ
legalBasis Council Regulation (EU) No 1024/2013 ⓘ
Regulation (EU) No 1022/2013 ⓘ
monitoredBy European Court of Auditors (in certain aspects) ⓘ
objective ensure consistent supervision of banks in participating states ⓘ
ensure safety and soundness of the European banking system ⓘ
increase financial stability in the EU ⓘ
overseesIndirectly less significant credit institutions ⓘ
partOf European Banking Union ⓘ
relatedTo European Deposit Insurance Scheme (proposed) ⓘ
Single Resolution Mechanism ⓘ
reportsTo Governing Council of the European Central Bank ⓘ
scopeIncludes assessment of bank capital adequacy ⓘ
assessment of bank liquidity ⓘ
assessment of bank risk management ⓘ
prudential supervision of banks ⓘ
shortName SSM ⓘ
supervises significant credit institutions ⓘ
supervisoryThresholdCriterion importance for the economy of the EU or a member state ⓘ
significant cross-border activities ⓘ
size of bank assets ⓘ
usesInstrument ECB supervisory decisions ⓘ
Joint Supervisory Teams ⓘ
usesSupervisoryModel single system of financial supervision ⓘ
website https://www.bankingsupervision.europa.eu ⓘ

How these facts were elicited

Referenced by (29)

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

Banca d’Italia → participatesIn → Single Supervisory Mechanism ⓘ
De Nederlandsche Bank → memberOf → Single Supervisory Mechanism ⓘ
European Union economic and monetary union → hasComponent → Single Supervisory Mechanism ⓘ
European Banking Authority → cooperatesWith → Single Supervisory Mechanism ⓘ
European System of Financial Supervision → cooperatesWith → Single Supervisory Mechanism ⓘ
Bank of Spain → coordinatesWith → Single Supervisory Mechanism ⓘ
DNB → participatesIn → Single Supervisory Mechanism ⓘ
SSM → fullName → Single Supervisory Mechanism ⓘ
Council Regulation (EU) No 1024/2013 → shortName → Single Supervisory Mechanism Regulation ⓘ
linked to: Single Supervisory Mechanism
Council Regulation (EU) No 1024/2013 → legalBasisFor → Single Supervisory Mechanism ⓘ
Council Regulation (EU) No 1024/2013 → establishes → Single Supervisory Mechanism ⓘ
Supervisory Board of the European Central Bank → partOf → Single Supervisory Mechanism ⓘ
Supervisory Board of the European Central Bank → operatesWithinFramework → Single Supervisory Mechanism Regulation ⓘ
linked to: Single Supervisory Mechanism
European Deposit Insurance Scheme → complements → Single Supervisory Mechanism ⓘ
Joint Supervisory Teams → partOf → Single Supervisory Mechanism ⓘ
Joint Supervisory Teams → basedOnLegalFramework → Single Supervisory Mechanism Regulation ⓘ
linked to: Single Supervisory Mechanism
Joint Supervisory Teams → reportsTo → ECB Banking Supervision line management ⓘ
linked to: Single Supervisory Mechanism
Deputy Governors of the Bank of Italy → cooperatesWith → Single Supervisory Mechanism ⓘ
European Banking Authority → cooperatesWith → Single Supervisory Mechanism ⓘ
subject linked to: EBA
Single Resolution Fund → relatedTo → Single Supervisory Mechanism ⓘ
Croatian National Bank → participatesIn → Single Supervisory Mechanism ⓘ
European Banking Union → hasComponent → Single Supervisory Mechanism ⓘ
European Banking Union → supervisoryFrameworkName → Single Supervisory Mechanism ⓘ
Chair of the European Banking Authority → cooperatesWith → Single Supervisory Mechanism ⓘ
Bank of Slovenia → cooperatesWith → Single Supervisory Mechanism ⓘ
Central Bank of Cyprus → cooperatesWith → Single Supervisory Mechanism ⓘ
subject linked to: CBC
Bank of France → participatesIn → Single Supervisory Mechanism ⓘ
Eurotower → occupant → ECB Banking Supervision (after 2014) ⓘ
linked to: Single Supervisory Mechanism