Recital 7

(7)Article 6(7) of Regulation (EU) No 1024/2013 empowers the ECB, in consultation with national competent authorities, and on the basis of a proposal from the Supervisory Board, to adopt and make public a framework to organise the practical arrangements for the implementation of that Article, which, inter alia, provides that the ECB is responsible for the effective and consistent functioning of the SSM,