# Supervisory mechanism, single (European) (Single Supervisory Mechanism, SSM)

- Canonical URL: https://www.gerhardmerk.de/supervisory-mechanism-single-european-single-supervisory-mechanism-ssm
- Post ID: 591068
- Modified: 2023-07-25T21:11:59+00:00
- Language: en

## Definition

Another name for European banking supervision, which has been based at the ECB since 2014. - The term "supervisory mechanism" has been criticized by linguists as inappropriate and incorrect because of the word element "mechanism." For in German, "mechanism" is widely understood to mean a coherent whole of technical components in which the movement of one part necessarily, automatically causes the movement of other parts, as especially in a machine. However, in English "mechanism" is also very broadly understood as "process by which something is done" and as "regulary manner of acting to achieve an end". - See acataphasia, analyst rating, anglicisms, stock market language, democracy deficit, financial language, jargon, subsidiarity principle, intelligibility. - Cf. BaFin Annual Report 2013, pp. 82 ff. (introducing the SSM). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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