European Economy

Single supervision and cross border banking European Economy

The Single Supervisory Mechanism (SSM) is the first pillar of the European Banking Union. The third issue of European Economy - Banks, Regulation, and the Real Sector examines the design of the SSM, the major issues concerning its implementation, and the main future challenges ahead, focusing on how far the SSM is an effective enabler of cross border banking and the single European banking market. European Economy - Banks, Regulation, and the Real Sector (www.european-economy.eu) is a new on line journal to encourage an informed and fair debate among academics, institutional representatives, and bankers on the regulatory framework and its effects on banking activity and the real economy. It is an independent journal, sponsored by Unicredit Group.