We expect the number of banks falling under direct ECB supervision to reach some 130–140. •  I will return to the subject of the SSM in a moment. 2  BIS central bankers’ speeches  The third element of the Banking Union is the Single Resolution Mechanism (SRM).
Against such a backdrop, due mainly to a moderate increase in production, a virtuous circle from income to spending has also started to operate in this region, mainly in the business sector. The Bank will steadily pursue the QQE to ensure that this fledgling virtuous circle seen nationwide, inclusive of this region, will keep operating firmly in the future.