The SSM so far has not yet concluded nor managed to significantly progress enforcement cases and in some cases found legal difficulties in national competent authorities bringing to a close their own cases.
Even though the SSM supervisory powers only extend to taking sanctions against banks, whereas local supervisors can take actions against individuals, breaches of the prudential regulation must be enforceable in practice and the SSM has to find its feet as an enforcer as it enters its second year of operation.