The SSM offers a tremendous opportunity to move from different national approaches to the treatment of banks to a genuinely European perspective. That is, to take collective responsibility for our banks consistent with the single financial market in which they operate.
Because of these limitations, the examination process looks at additional information about a lender's practices, and about particular loans, before any conclusions are drawn. Examiners consider - together with HMDA data - information derived from consumer complaints, risks apparent from various business lines, and the adequacy of the institution's compliance-risk management program.