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What is ECB about?

The European Central Bank is preparing to take on new banking supervision tasks as part of the Single Supervisory Mechanism, which will create a new system comprising the ECB and national competent authorities of participating EU countries, including those with the euro and those without but who cooperate closely. Specific prudential supervision tasks will be conferred on the ECB by the SSM Regulation adopted under the EU Treaty to ensure the safety and soundness of the European banking system and increase

Author

bharath_mv7-1

Language

EN