Summary
An annual report reviewing the status of the European Banking Union, focusing on supervision, risk management, and the need to complete its structural pillars. 10 15.02.2017
Other
economy
finance
social policy
administrative law
public administration
Key points
- The Banking Union is considered an essential part of the Economic and Monetary Union but remains incomplete.
- There is an urgent need to reduce the high level of non-performing loans in the euro area to free up capital for lending.
- The report calls for a shift from taxpayer-funded bailouts to a system where creditors and shareholders bear the losses (bail-in).
- Addressing the 'home bias'—where banks over-invest in their own government's bonds—is vital to breaking the link between bank and sovereign risk.
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.