I want to focus on three topics in this regard: first, the work of the Single Supervisory Mechanism (SSM); second, the role of the Single Resolution Mechanism (SRM) and the national insolvency regimes; third, the current state of affairs in the European banking sector, which is not to be overlooked in the context of the banking union. 2.
Crisis situations – uncharted territory for the SSM It isn’t for nothing that ailing banks attract so much public attention. This is because, by their nature, a great deal of money is at stake.