# European Banking Union and post-crisis financial supervision

European Banking Supervision, formally known as the [Single Supervisory Mechanism](/organizations/single-supervisory-mechanism) (SSM), is the policy framework for the prudential supervision of banks in the euro area. It is centered on the European Central Bank (ECB), whose supervisory arm is referred to as ECB Banking Supervision. EU member states outside of the euro area can also participate on a voluntary basis.

## Dated facts

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## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/drivers/european-banking-union-and-post-crisis-financial-supervision