Given the multitude of different  1  S Gerlach, A Schulz, G Wolff (2010), Banking and Sovereign Risk in the Euro Area. Centre for Economic Policy Research, Discussion Paper, No 7833. 2  BIS central bankers’ speeches  supervisory traditions, legal systems and people involved in supervision, the SSM will only be successful if appropriate governance and transparent cooperation and task-sharing are installed.
One of the “hot” topics when swiftly organising a banking supervisory function for the ECB is future cooperation between the ECB and the national supervisors. Organising a European banking supervisory mechanism in such a short time firstly means building upon existing structures.