Dombret defends SSM as a ‘supervisory framework’
Bundesbank board member acknowledges there are issues with the SSM
A board member at Deutsche Bundesbank has tried to clear the air regarding Europe’s Single Supervisory Mechanism (SSM), acknowledging there have been “many misconceptions”.
“It was not intended to be a single, hierarchical organisation, but rather a supervisory network,” Andreas Dombret said today (May 15) at a banking conference in Frankfurt. “There are still many misperceptions on that matter.”
The SSM, which compromises the European Central Bank and other national central banks and
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