Just another example of one size not fitting all The implementation of a single supervisory mechanism (SSM) in Europe could provoke an over-simplification of prudential regulation in the region, an Association for Financial Markets in Europe (Afme) advisor and non-executive director has warned. The SSM mechanism transfers responsibility for approximately 130 of the biggest European-based banks from eurozone national authorities to the European Central Bank (ECB). The Bank will also be responsible for the overall oversight of prudential supervision in the eurozone.
October 30 2013