Banking supervision requires a smooth flow of information between banks and their supervisors. To this end, a high-standard data reporting framework and the associated infrastructures for the SSM are being developed. SSM vs national interests Banking, and financial services more generally, is a high value added industry and there are national interests at play.
You will hear presentations that describe new worlds in which payments are made more efficiently, more conveniently, with greater security and less fraud than they are now--not just by giant corporations and sophisticated techies, but by ordinary folks and average enterprises going about their daily activities.