Abstract

The present paper aims to assess the functioning of the Single Supervisory Mechanism in light of the first empirical evidences, two years after the kick-off. Indeed, without detracting from the unprecedented speed of the set-up of the Ssm, certain features deserve specific consideration. More in detail, the lack of an harmonized set of rules across the Euro area can burden banking supervision. Besides, the boundaries of the administrative powers are not always clear-cut among the national and European authorities involved, with possible overlapping. Finally, the supervisory authorities also have to face the need to coordinate an impressively huge and complex administrative body. Hence, it seems that the SSM could benefit from a fine-tuning.