Editorial: Building the mechanism

Author: | Published: 31 Oct 2014

B y the time you read this, you'll be living in a single supervisory world. On November 4 the European Central Bank (ECB), under the auspices of its Single Supervisory Mechanism (SSM) will become fully responsible for 130 eurozone banks, and some non-eurozone member states too.

The joined-up, harmonised approach to prudential supervision that will ultimately emerge from the move is widely lauded. The SSM, under its French chair, Danièle Nouy, will supervise the most significant banks as well as monitor the national competent authorities'...