4  BIS central bankers’ speeches  During this autumn 2013 and spring 2014 the newly established SSM Supervisory Board first consults on and then adopts all the basic documents setting out the operation of the SSM, which would then start in the summer of 2014.
I would like to emphasize that the Supervisory Board is the main body responsible for the supervisory functions of the SSM and the main decision making body, even decisions are formally and finally adopted by the Governing Council of the European Central Bank.