Meeting The Challenge Of The SSM

Author:Deloitte Financial Services Group
Profession:Deloitte
 
FREE EXCERPT

Background

The formal start of the Single Supervisory Mechanism (SSM) draws a line under months of preparations for the transfer of prudential supervision to the European Central Bank (ECB). However, this milestone is just the start of a journey that will test both supervisors and banks.

The next 12 months will be key for establishing the priorities and approach of the SSM, with the first six months dominated by addressing the findings of the recently completed Comprehensive Assessment. Banks that engage in early planning and move proactively to adapt to the new regime could be at a strategic advantage.

This paper takes note of lessons learned during the Comprehensive Assessment. It builds on those observations with an analysis of the SSM's supervisory...

To continue reading

REQUEST YOUR TRIAL