Glossario

The Single Supervisory Mechanism (SSM) is an EU-level system for the supervision of credit institutions, which is composed of the European Central Bank (ECB) and the national supervisory authorities of the participating EU Member States. Its key objectives are to ensure the safety and soundness of the European banking system, to increase financial integration and stability, and to ensure consistent supervision. Together with the Single Resolution Mechanism - SRM, it is one of the two pillars of the Banking Union.