Summary
An annual report reviewing the status of the European Banking Union, focusing on stability, anti-money laundering, and the need to complete its core components. 10 16.01.2019
Other
economy
social policy
administrative law
public administration
business and competition
financial institutions and credit
Key points
- The Banking Union has successfully contributed to financial stability and a more predictable single market for financial actors.
- There is an urgent need to strengthen the European Banking Authority's role in combating money laundering across the EU.
- The high volume of non-performing loans remains a significant risk to financial stability in several Member States.
- The completion of the Banking Union requires the establishment of a European Deposit Insurance Scheme and a fiscal backstop.
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