Sven Giegold

Your concerns regarding the Single Supervisory Mechanism (SSM)

The ECB has been mandated by the SSM Regulation to promote safety and soundness of banks established in participating Member States, with the more general goal of ensuring financial stability and promoting sustainable financial integration.

On Thursday, 25 June 2015 Danièle Nouy, Chair of the Supervisory Board of the ECB will come to the first ordinary public hearing in 2015 to discuss whether the SSM so far has successfully fostered and enforced a rigorous harmonisation of the prudential framework while respecting the proportionality principle.

As we are convinced that you know best what is hampering the achievement of a level-playing field and further integration in the banking sector, we want to give you the opportunity to tell us where the shoe pinches. If received before Wednesday, 24 June we could pass on your concerns to Mrs Nouy directly.

In advance, thank you very much for your support!

Category: Uncategorized

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