The SSM will operate as a system, catering for all expertise of national supervisors and at the same time possessing a strong decision-making centre. Appropriate decentralisation procedures are being planned, while preserving the unity of the supervisory system and avoiding duplication.
The SSM, with the ECB at its centre, is entrusted with an extensive set of micro- and macro- prudential powers, covering all key tasks relating to the prudential supervision of credit institutions. This broad array of tasks and powers is crucial, as it is the foundation for the SSM to effectively supervise banks.