Since November 2014, the Single Supervisory Mechanism (SSM) has been responsible for supervising the most significant banks in the eurozone, with the aim of ensuring consistent supervisory practices and increasing the soundness and stability of the financial system.
After more than one year of rapid implementation, overseen by the European Central Bank and the national supervisory authorities of the participating countries, the European Commission is now conducting a review of the functioning and governance of the SSM. This event aims to survey the day-to-day challenges of emerging SSM practices and the state of cooperation between the various authorities involved.
Among the wide-ranging questions we propose to explore are the following: How is the SSM coping with diversity in bank business models? Is the level of accountability and transparency of its practices up to international standards? How is the SSM dealing with national discretion and can it hamper the effectiveness of its actions? What are the major achievements to date in the convergence of supervisory practices?
This event is sponsored by Raiffeisen Zentralbank Österreich AG.
