Strengthening European Financial Supervision

Summary

This proposal updates EU rules to improve financial stability, ensure gender-neutral pay in banking, and refine supervision of holding companies.
10 17.06.2020
Other
finance
economy
social policy
european union
equal treatment
public administration
business and competition

Key points

  • The proposal brings financial holding companies under direct supervision to ensure better oversight of banking groups.
  • Banks are required to implement gender-neutral remuneration policies to ensure equal pay for men and women.
  • Smaller and non-complex institutions are exempted from certain burdensome rules regarding how bonuses are paid out.
  • The rules for identifying and managing systemically important institutions are strengthened to prevent widespread financial contagion.
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