Single supervisory mechanism The SSM, the transfer to the European level of key supervisory tasks for banks, is designed to provide strong and consistent supervision across the Euro Area. As I mentioned, it holds the promise of removing local politics from the enforcement of bank supervision and will lever a diversity of supervisory experience – best practice across Europe.
*  *  Introduction  At the outset, I thank the organisers of the Silver Jubilee Function of Institute of Company Secretaries of India (ICSI) for giving me an opportunity to share my thoughts on the very topical subject of “Achieving Professional Excellence”.