We are now building one, from the ground up, to tackle the “doom loop”, curb financial fragmentation and enable banks to rebuild trust and provide a sustainable supply of credit to the real economy in every country and for every sector.4 About the SSM: first part – the micro-prudential The regulation for establishing a single supervisory mechanism (or SSM) has recently been approved by the European Parliament.
I note that the report in fact sees a certain diversification across the collateral frameworks as a positive element that enhances resilience; provided of course, that certain conditions are met, first and foremost that we have ex-ante transparency of the different collateral requirements and a smooth and efficient functioning at the level of market infrastructures.