National Audit Office´s Working paper: Banking Union Considered from the Perspective of Supreme Audit Institutions

This report discusses the generally recognized risks linked to the Single Supervisory Mechanism (SSM) and proposes a series of performance indicators that SAIs could potentially use to identify the strengths and weaknesses of supervisory tools. It introduce readers with varying levels of familiarity to the SSM, its consequences for Supreme Audit Institutions and the macro-level risks of its operationalization to financial stability in Europe.