SSM ten years since. Where we are.

This paper provides a comprehensive analysis of the first decade of the Single Supervisory Mechanism (SSM), evaluating its progress and the challenges encountered since its establishment. As a cornerstone of the European Banking Union, the SSM has played a pivotal role in centralizing banking supervision within the Eurozone. The study critically examines the operational framework, regulatory outcomes, and its impact on financial stability across member states. It highlights significant achievements, including enhanced supervisory consistency and crisis management capabilities, while addressing areas requiring improvement, such as cross-border collaboration and transparency. The findings contribute to the ongoing discourse on optimizing the SSM's role in fostering a resilient and integrated European financial system.