ECB publishes final SSM framework
Central banks among respondents to earlier public consultation
The European Central Bank (ECB) published the legal framework that will underpin its Single Supervisory Mechanism (SSM) today, after completing a public consultation on an earlier draft.
The framework sets out the basis for cooperation between the ECB and the national competent authorities (NCAs) within the SSM, and the criteria that will be used for determining the significance of supervised entities.
"The SSM framework regulation lays the basis for the work of the SSM when it takes over as
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