The article reports the success of the single supervisory mechanism (SSM) in Europe 18 months following its creation as of mid-September 2016. Under the SSM, the European Central Bank (ECB) was granted authority to monitor the financial stability of central banks of member states. Also cited are the comments by law company Hengeler Mueller's Dirk Bliesener and law firm Linklaters' Marc Perrone on the SSM.
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