SSM meaning in Banking ?

Answer: What is Single Supervisory Mechanism mean?

The Single Supervisory Mechanism (SSM) is the first pillar of the European banking union and is the legislative and institutional framework that grants the European Central Bank (ECB) a leading supervisory role over banks in the EU. The ECB directly supervises the larger banks while it does it indirectly for the smaller ones. Eurozone countries are required to participate, while participation is voluntary for non-eurozone EU member states. In October 2020, two non-Eurozone countries joined the European banking supervision mechanism through a process known as close cooperation: Bulgaria and Croatia. As of early 2021, the SSM directly supervises 115 banks across the Union, representing almost 82% of banking assets of these countries. The SSM, along with the Single Resolution Mechanism are the two central components of the European banking union.

reference

Full Form	Category
Society for the Study of Motivation	Academic & Science
Society for Social Medicine	Academic & Science
Société des Sciences Médicales du Grand Duché de Luxembourg	Academic & Science
Society of Medical Sciences of the Grand Duchy of Luxembourg	Academic & Science
Student Solutions Manual	Academic & Science
Single Supervisory Mechanism	Banking
Service Stream, LTD.	Business
Scottish Ship Management	Business
Special Steels and Metals, LTD.	Business
Stuart Sawyer Marketing	Business
Suruhanjaya Syarikat Malaysia	Business
Supply Side Management	Business
Shared Savings Mechanism	Business
Super Saving Mode	Business
Six Speed Manual (transmission)	Business
Semi-Solid Metal	Business
Sustainable Science Management	Business Management
Same Sex Marriage	Community
Societas Sancti Michaeli (Society of St. Michael)	Community
SouthSide Ministries	Community
School of Supernatural Ministry	Community
Sunbonnet Sue Mystery	Community
Solid State Music	Community
Source Support Module	Computer Assembly Language
Synchronized State Machine	Computer Hardware
Solid State Memory	Computer Hardware
Screen Saver Machine	Computer Hardware
System Safety Monitor	Computing
Standard Supply Module	Computing
Software Subcontract Management	Computing
Spiral Synth Modular	Computing
Sheet Set Manager	Computing
Sql Server Manager	Computing
Server Status Monitor	Computing
Storage Subsystem Manager	Computing
Systems Software Manager	Computing
Snap Server Manager	Computing
System State Manager	Computing
Security Server Machine	Computing
Sound Status Memory	Computing
Subsystem Member	Computing
Set System Mask	Computing
Synchronized Streaming Media	Computing
Structured Scalable Metaformats	Computing
Secondary Space Management	Computing
Storage Services Module	Computing
Server Service Manager	Computing
Synchronization Status Messaging	Computing
Solid State Micro Technology	Computing
Scalar System Memory	Computing
Single Segment Message	Computing
Service Support Manager	Computing
Single State Mode	Computing
Single Source Multicast	Computing
Strategic Sourcing Methodology	Electronics
Spectrum Surveillance Monitor	Electronics
So Spake Martin	General
Simple Simulation Modeling	General
Startup Shutdown Malfunction	General
Soft Systems Methodology	General
Safety System Monitoring	General
stand for Sister Mary	General
Security Services Module	General
Special Sensor Microwave	General
Subliminal Sexual Messages	General
Super Smash Mobs	General
Shared Screening Module	General
Simple Systems Manager	General
Self Similarity Map	General
Smart Security Manager	General
System Schematic Manual	General
Simple Series Mod	General
Secure Security Module	General
Sapphist Sodomite Marriage	General
Self Supporting Minister	General
Supermicro Server Manager	General
Subaru Select Monitor	General
Stephen Suzanne and Marilyn	General
Sports Study Model	General
Session Security Module	General
Select Shift Manual	General
Suspension Steering Module	General
Select Shift Mode	General
Super Street Modified	General
Safe Speed Monitor	General
Special Service Message	General
Slouch Seat Module	General
Singleton Street Machines	General
Silverstone Malaysia	General
Satin Silver Metallic	General
Sonic Super Mop	General
Same Slow Motor	General
Super Sailor Moon	General
Scolopendra Subspinipes Mutilans	General
Super Suicidal Machine	General
Spotts Stevens and McCoy	General
Strategic Sourcing Matrix	General
Supersymmetric Standard Model	General
SAFe Scrum Master	General
Sack Sorting Machine	General
Super Sonic Motor	General
Supply Side Modeling	General
Super Smart Mud	General
Steve Suzanne And Marilyn	General
Semi Solid Manufacturing	General
Skin Surface Microscopy	Governmental
Sault Ste. Marie	Governmental
SASARAM	Indian Railway Station
Sesiunea ŞtiinţIfică a Muzeelor, Bucureşti	International
Savunma Sanayii Mustesarligi (Undersecretary for Defense Industries of Turkey)	International
School of Sciences and Mathematics	Maths
Soft System Methodology	Maths
Serum-Supplemented Medium	Medical
Skin-Sparing Mastectomy	Medical
Slipped Strand Mispairing	Medical
Solid-Supported Membrane	Medical
Special Study Module	Medical
System Status Management	Medical
Senior Support Manager	Medical
Social Science Medicine	Medical
Superficial Spreading Melanoma	Medical
Squadron Sergeant Major	Military and Defence
Soldier System Modeling	Military and Defence
Simulation Support Module	Military and Defence
Surface-to-surface Missile	Military and Defence
Super Simple Multicast	Networking
Service Session Manager	Networking
Sault Ste. Marie Metropolitan Area Airport, Sault Sainte Marie, Michigan USA	Regional
Simple Software Manager	Softwares
System Software Manager	Softwares
Solid Surface Modeler	Softwares
Sample Support Module	Space Science
Spacecraft Systems Monitor	Space Science
Subsystem Manager	Space Science
Support System Module	Space Science
Systems Support Module	Space Science
Standard Solar Model	Space Science
Sport Study Model	Sports
Synchronization Status Message	Telecommunication
Source-specific Multicast	Telecommunication