Draghi sets sights on capital markets at SSM inauguration

Danièle Nouy says supervisors are ‘prepared to be assertive’ with the banks

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ECB president Mario Draghi

Mario Draghi believes the governance model underpinning the Single Supervisory Mechanism (SSM) can offer important lessons for the integration of Europe's capital markets – the next step in creating a single financial market.

The European Central Bank (ECB) president, speaking at today's inauguration of the SSM, said the introduction of a new system for banking supervision was not the end of the road to integration.

"We need to further think about how we can improve our union, not only in the

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