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SSM Supervisory Manual - Europa

financial stability. The supervisory practices of the SSM will follow the principle of proportionality, tailoring the intensity of supervision to the systemic importance and risk profile of the supervised banks. The SSM’s approach fosters efficient and timely supervisory action and a thorough monitoring of a credit institution’s response.

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followed (e.g. the choice between ex ante supervisory approval of an appointment of a member of a management body or ex post notification of an appointment to the competent authority). Consequently, when taking fit and proper decisions, the ECB will apply the substantive

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1 General Assembly resolution 55/25 of 15 November 2000 United Nations Convention against Transnational Organized Crime The General Assembly, Recalling its resolution 53/111 of 9 December 1998, in which it decided to establish an open-ended intergovernmental ad hoc committee for the purpose