•  Common methods and processes will be developed for assessing the adequacy of banks’ capital and liquidity levels. This establishment of common supervisory  BIS central bankers’ speeches  3  practices within the SSM will go considerably deeper than the work of the EBA in developing the Single Rule book and harmonizing supervisory practices at the EU-level as a whole.
The governance structure of the SSM has been designed so as to separate the ECB’s monetary policy and supervisory roles, and to make the position of different participating countries as fair as possible. •  A new body, the Supervisory Board, will be responsible for the supervisory functions of the SSM.