In relation to the prudential regulation of banks, there has been considerable progress in developing a banking union in Europe. In particular, the Single Supervisory Mechanism (SSM) of the ECB is now responsible for supervision in the euro area and is the direct supervisor for the largest banks, including the main Irish-resident banks.
The Bank's Conduct of Monetary Policy III. Strengthening Japan's Economic Growth Potential with an Eye on the Post-COVID-19 Era Conclusion  Chart 1  I.