Lautenschläger expects SSM to expand beyond eurozone

ECB in Frankfurt

Sabine Lautenschläger, executive board member of the European Central Bank (ECB) expects some non-eurozone countries to opt in to the single supervisory mechanism (SSM) "over the coming years", on account of the credibility the ECB can lend to their supervisory regimes.

The SSM – the first step towards banking union in Europe – will be launched on November 4, after the results of the ECB's comprehensive assessment are published in the second half of October.

Initially the ECB will supervise arou

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