Single Supervisory Mechanism (SSM)

Roles that need it

• Regulatory Consultant (Banking)
• Regulatory Change Analyst
• Regulatory Reporting Analyst
• Legal Counsel
• Management Consultant

Skills it belongs to

• Legal research and regulatory interpretation
• Reading organisational and political context

Related concepts

• SREP (Supervisory Review and Evaluation Process)The SREP is the annual review in which supervisors assess a bank's business model, governance, capital and liquidity risks. It ends with a decision setting the Pillar 2 requirement, Pillar 2 guidance, liquidity measures and qualitative measures. In the euro area the ECB runs it for significant banks.
• Single rulebookThe single rulebook is the set of harmonised prudential and conduct rules that apply to financial institutions across the EU: Level 1 acts such as the CRR and CRD, the technical standards adopted under them, and ESA guidelines and Q&As. It aims to remove national differences inside the single market.
• European Supervisory Authorities (ESAs)The European Supervisory Authorities are the EBA (banking), ESMA (securities and markets) and EIOPA (insurance and pensions), created in 2011. They draft technical standards, issue guidelines and Q&As, coordinate national supervisors and, in some areas, supervise firms directly. Their Joint Committee handles cross-sector work.

Sources

• Council Regulation (EU) No 1024/2013 (SSM Regulation), EUR-Lex (external site) accessed 31 Oct 2026

Updated 31 Oct 2026.