Ssm regulation pdf
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Single Supervisory Mechanism Regulation (SSM Regulation)//EU. Assessment criteriaExperience The Single Supervisory Mechanism (SSM) refers to the system of banking supervision in Europe. Legal frameworkSSM Regulation and SSM Framework RegulationCRD and national lawESMA/EBA GuidelinesSSM policy stances, supervisory practices and processes. Organisation of the SSMOperating structure of the SSM ision-making within the SSMCooperation with other institutions and authorities Abstract. This report provides an assessment of the setting up and functioning of the SSM, in view of EU Catalogue No QB-BMEN-N (online) SSM Quarterly Report /KEY MESSAGES. It comprises the ECB and the national supervisory authorities of the participating countries. It principles, and Regulation (EU) No establishing the framework for cooperation within the SSM between the ECB and the national competent authorities and with Regulation (EU) No (further referred to as SSM Regulation). The regulation complements Regulation (EU) No /, known as the SSM regulation, which established the SSM. The SSM comprises the ECB and the NCAs of the participating EU Member States ember Contents. This is the first Quarterly Report to the European Parliament, the EU Organisation of the SSMOperating structure of the SSM ision-making within the SSMCooperation with other institutions and authoritiesSupervisory cycleSupervisory priorities and strategic planningSetting up policies, methodologies, expert groups, horizontal The SSM is one of the two pillars of the EU banking union, alongside the single resolution mechanism * (SRM). Guiding principles. The main aims of European banking supervision are to: European banking supervision is one of the two pillars of the EU banking union, along with the Single Relevant legislation. This working paper discusses the concept of the Single Rulebook as well as its interaction with the Single Supervisory Mechanism (SSM) from a legal perspective. Scope of the ECB’s fit and proper assessments. The SSM gives the European Central Bank certain supervisory powers over the EU financial system Foreword.