Single supervisory mechanism ("SSM")

On 14 May 2014, two regulations issued by the European Central Bank (“ECB”) within the framework of the SSM were published in the Official Journal of the European Union:

  • Regulation 468/2014 of 16 April 2014 establishing the framework for cooperation within the SSM between the ECB and national competent authorities and with national designated authorities;
  • Regulation 469/2014 of 16 April 2014 amending Regulation 2157/1999 on the powers of the ECB to impose sanctions. 

For more information on the SSM, see our Newsletter of January 2014