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ECB euro

SSM explained in 3 minutes

5,856 views 3 weeks ago
The European Central Bank is preparing to take on new banking supervision tasks as part of a Single Supervisory Mechanism (SSM). The SSM will create a new system of financial supervision comprising the ECB and the national competent authorities of participating EU countries. The main aims of the SSM will be to ensure the safety and soundness of the European banking system and to increase financial integration and stability in Europe.
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The European Central Bank is preparing to take on new banking supervision tasks as part of a Single Supervisory Mechanism (SSM). The SSM will create a new system of financial supervision comprising the ECB and the national competent authorities of participating EU countries. The main aims of the SSM will be to ensure the safety and soundness of the European banking system and to increase financial integration and stability in Europe. Show less

Euro banknotes Play

The Europa series of euro banknotes is being gradually introduced in the euro area over the next few years. The new €5, which is the first banknote in this series, started circulating on 2 May 2013.

Euro banknotes and coins are legal tender in 17 of the 28 Member States of the European Union, including the overseas departments, territories and islands which are either part of, or associated with, euro area countries. These countries form the euro area. The micro-states of Monaco, San Marino and Vatican City also use the euro, on the basis of a formal arrangement with the European Community. Andorra, Montenegro and Kosovo likewise use the euro, but without a formal arrangement.

For more information on euro banknotes and coins, please visit http://www.newfaceoftheeuro.eu or http://www.euro.ecb.europa.eu.

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SEPA Play

The Single Euro Payments Area (SEPA) enables customers to make cashless euro payments in a fast, safe and efficient way in 32 European countries. The SEPA video introduces the project, its main components and milestones. It is available in 23 different languages (some in subtitled versions only). More information on www.sepa.eu
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