SSM explained in 3 minutes


The Single Supervisory Mechanism (SSM) is a new system of banking supervision for Europe. It comprises the ECB and the national supervisory authorities of the participating countries.

Its main aims are to:

  • ensure the safety and soundness of the European banking system
  • increase financial integration and stability
  • ensure consistent supervision

The SSM is one of the two pillars of the EU banking union, along with the Single Resolution Mechanism.