Single Supervisory Mechanism (SSM)

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It has taken another step in the banking union building, claimed the Guarantee Fund of Single Deposits. So far, we only operate two pillars, the Single Supervisory Mechanism and the Single Resolution Mechanism.

In the coming days, it will be commemorated the first year of the beginning SSM's.

Banking union is a milestone in the European project. It has chiefly helped to stop fragmentation but will not be able to break the sovereign-bank doom loop until it can rely on a robust safety net. Advancing towards a complete banking union sh…