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  • 15-12-2014


On November 4 2014 the Single Supervisory Mechanism (SSM) became fully operative. The SSM was established by the EU SSM Regulation (1024/2013), which conferred specific tasks on the European Central Bank (ECB) concerning policies relating to the prudential supervision of credit institutions, and complemented by the EU SSM Framework Regulation (468/2014), which established the framework for SSM cooperation between the ECB and national competent authorities and national designated authorities.

Source: ILO - December 2014

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