SSM chair speaks on safety and progress in supervision

The chair of the ECB supervisory board, Danièle Nouy, has given a speech on “Safety and progress in financial markets – a contradiction?” at the Financial Market Authority’s supervisory conference in Vienna. Ms Nouy explains how the Single Supervisory Mechanism (SSM) has a clear mission to ensure the safety and soundness of banks, and to contribute to the financial integration of the euro area. She focused on the importance of consistent prudential supervision. In this context she spoke of ECB’s exercise in reviewing how national regulators have used options and discretions under CRD4 and CRR. (Source: ECB Supervisory Board – FMA Conference in Vienna)