Every year, usually during the fourth quarter, the Banking Union relevant supervisory authorities, comprised of the European Central Bank (ECB), acting at the helm of the Single Supervisory Mechanism (SSM)...
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Every year, usually during the fourth quarter, the Banking Union
relevant supervisory authorities, comprised of the European Central
Bank (ECB), acting at the helm of the Single
Supervisory Mechanism (SSM) and the Single
Resolution Board (SRB), acting at the helm of the
Single Resolution Mechanism (SRM), individually
publish their Annual Work Programmes (AWPs)
setting out their priorities and resourcing for the coming calendar
year and through to two years after. The ECB-SSM's AWP for the
period 2025-2027 (for simplicity hereinafter the 2025
AWP), aims to foster cross-sectoral regulatory consistency
and supervisory convergence and is thus of relevance to national
competent authorities (NCAs) and more importantly
the relevant firms within the scope of ECB-SSM's and NCAs'
Banking Union mandate as exercised by joint supervisory teams
(JSTs).
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