Bundesbank deputy stresses need for SSM improvements


The Deutsche Bundesbank deputy president, Sabine Lautenschläger, on January 17 called for clarification of the structure and legal powers of the European single supervisory mechanism (SSM).

In a 'guest contribution' published by the Bundesbank, Lautenschläger questioned the legal basis for interventions under the SSM. Rather than having the European supervisor – the ECB – apply national law itself, she suggested giving it the power to instruct national authorities to exercise their power in a

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