Key principles for the implementation of the SSM  Let me now describe how the SSM will function. One of the conditions for the success of the SSM is that it ensures a truly European perspective. It is a myth that politically protected banks or banking structures or “national champions” were in the interest of the respective taxpayers.
The elimination of potential national bias is therefore key. Implementation of the European dimension depends on several elements. The first is the appropriate scoping of participating jurisdictions.