The single supervisory mechanism (SSM) is a new system of banking supervision for Europe, and it comprises the ECB and the national supervisory authorities of the participating countries.
The Single Supervisory Mechanism – Panacea or Quack Banking Regulation? Preliminary Assessment of the New Regime for the Prudential Supervision of Banks with ECB Involvement.
Varma invented a new automated banking system with auto money supply without any external regulators, instant money lending and loan repayments. This new banking system will have an involuntary tax paying account which will obviate the need for submitting tax returns annually. Read full article and working modules for this new banking system that are available on Reserarchgate.
Data Bank account module - VARMA
Article Liberalize the banking sector
Data Money supply Module developed by VARMA
Data Functional program for money changes in banking system