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  • 04-11-2014


As of today, Tuesday 4 November 2014, the Single Supervisory Mechanism (the "SSM") will be in effect. From now on, all banks established in a Euro Member State will be subject to prudential supervision by the European Central Bank (the "ECB"). The SSM is applicable to all banks − approximately 4,900 − that are located in participating Member States.

Please read more on this topic in our newsletter.

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