The SSM possesses also early intervention powers in accordance with the Bank Recovery and Resolution Directive. The early intervention powers are significant and make it possible to take action with respect to banks which are approaching the point of non-viability i.e. before a bank is too deeply in trouble to be saved by ordinary supervisory measures.
BIS central bankers’ speeches  1  Governance of the SSM The governance structure of the SSM has been designed to separate the ECB’s monetary policy and supervisory roles, and it also makes the position of different participating countries as fair as possible. The Supervisory Board is responsible for the supervisory functions of the SSM.