(1)Article 6(1) of Regulation (EU) No 1024/2013 (hereinafter the ‘SSM Regulation’) stipulates that the European Central Bank (ECB) is responsible for the effective and consistent functioning of the Single Supervisory Mechanism (SSM). Recital 79 of the SSM Regulation states that highly motivated, well-trained and impartial staff is indispensable to effective supervision.
Recital 1
Recital 1