Summary
An annual review of the 2015 progress in building the European Banking Union, focusing on supervision and crisis management. 10 10.03.2016
Other
economy
finance
administrative law
monetary economics
public finance and budget policy
Key points
In force from 01/01/2016
- The establishment of the Single Supervisory Mechanism is recognized as a major achievement for banking stability.
- There is a strong call to reduce administrative burdens and ensure that supervision follows the principle of proportionality, especially for smaller banks.
- A minimum requirement of at least 8% for certain funds and liabilities is recommended to ensure banks can be resolved safely.
- The Single Resolution Fund is scheduled to become fully operational at the beginning of 2016.
These raw data are provided by the Open Data Portal of the European Union (data.europa.eu) and are licensed under ODC-BY 1.0.