1.1 The organisation of the SSM

1.1.1 The distribution of tasks between the ECB and the NCAs

SSMR Articles 6, 14 and 15

The SSM is responsible for banking supervision in the participating Member States. To ensure efficient supervision, the respective supervisory roles and responsibilities of the ECB and the NCAs are allocated on the basis of the significance of the supervised entities. All entities under the SSM’s supervision are subject to a common supervisory approach.

Figure 1 Distribution of tasks within the SSM

Within the SSM, the ECB, assisted by the NCAs, directly supervises all institutions that are classified as significant (significant institutions or SIs). The lists of significant and less significant institutions are published on the ECB’s banking supervision website and are updated on a regular basis. The NCAs conduct the direct supervision of less significant institutions (LSIs), subject to the oversight of the ECB. Under certain conditions, the ECB can also take over the direct supervision of LSIs.

The SSM is also involved in the supervision of cross-border institutions and groups, either as a home supervisor or a host supervisor in colleges of supervisors.