ILF Conference: ECB – The New Regulator
The European Central Bank (ECB) is preparing to take on new supervision tasks of Significant Supervised Entities as part of the Single Supervisory Mechanism (SSM).
The SSM will create a new system of banking supervision comprising the ECB and the national authorities of participating EU countries (NCAs).
This new SSM will have an impact to varying degrees on not only banks based in participating EU countries but also of any financial services institution that operates across the EU.
In order to assist in understanding the impact the SSM will have, DLA Piper has, in cooperation with the Institute for Law and Finance of the Goethe University Frankfurt, arranged a one day conference with leading industry experts including speakers from the ECB and NCAs, to provide the regulatory, legal and academic views of the impact and organisation requirements to be compliant with the new supervisory mechanism.