Impressionen
Fotos: MALEKI CORPORATE GROUP GmbH

European System of Financial Supervision (ESFS)
Single Supervisory Mechanism (SSM)

In the ESFS context, the Single Supervisory Mechanism is the pillar of the EU Banking Union that is responsible for Banking Supervision. It has been placed under the auspices of the European Central Bank and grants the ECB a role of prudential supervision to monitor the financial stability of eligible banks, mitigating systemic and individual risk. Direct supervision entails the roughly 120 „significant“ banks in the participating states which account for some 80% of the total assets of all supervised entities. This goes hand in hand with the SSM responsibility also vis-à-vis the other some 6,000 banks in the area; they, however, are supervised in day-to-day business by experienced national competent authorities NCAs.

The supreme governing body of the SSM is the Supervisory Board which reports to the ECB Governing Council and is currently chaired by Danièle Nouy. Since its implementation on 4 November 2014 the SSM has been developing a state-of-the-art supervisory architecture and a unique professional network of experts. The SSM ensures that pertinent rules and measures are interpreted and applied consistently across all participating countries. This facilitates close cooperation with the other pillars of the EU Banking Union – regulation by the European Banking Authority EBA as well as guidance and help for troubled banks by the Single Resolution Board SRB.

„Know your Regulator and Supervisor“.  Reflecting on the location of the ECB headquarters in Frankfurt am Main and the number of significant banks involved, „Frankfurt 120“ has been named and established as a high profile Round Table to exchange views and feed back between decision takers from the banks involved with representatives of the ECB, SSM, EBA, SRB and other European entities.

„Frankfurt 120“ was initiated in November 2014 by the IBF International Bankers Forum e.V. as a neutral platform. The International Bankers Forum e.V. is the largest privately initiated bankers‘ association in Germany, with some 1,000 finance professionals, banks, financial institutions, fintechs and corporates as personal or institutional members. The memberships of the European Central Bank and Deutsche Bundesbank underline IBF’s acknowledged neutral position in the financial community. Since November 2016 „Frankfurt 120“ is organized in cooperation with FIRM The Frankfurt Institute for Risk Management and Regulation, and has developed into an ackknowledged continuous event.

Status as per June 2018

Participation: 
By invitation only

Date:
22 June 2018

Conference Language:
English

Conference venue:
Banca d’Italia, Rom

Julia Knopp
Executive Assistant
Fon +49 (0)69 79 534 82-204
Fax +49 (0)69 79 534 82-157
j.knopp(at)maleki.de

MALEKI CORPORATE GROUP GmbH
Wiesenau 1
60323 Frankfurt am Main