Annual Report on the Banking Union (2020)

by name voted on 07.10.2021

Summary

An annual report reviewing the 2020 status of the Banking Union, focusing on pandemic resilience and the need for a unified deposit insurance scheme.

9 07.10.2021

Other

economy

finance

social policy

administrative law

public administration

business and competition

financial institutions and credit

Key points

The banking sector showed resilience during the COVID-19 pandemic due to existing regulatory frameworks.
A major priority is completing the Banking Union by establishing a European Deposit Insurance Scheme (EDIS).
The introduction of a safety net for bank resolutions via the Single Resolution Fund backstop is expected by 2022.
There is a need to address the risks associated with digital finance, including cybersecurity and crypto-assets.

Vote

PPE

S&D

Renew

Verts/ALE

ID

ECR

The Left

NI

Total

Speeches

30 Speeches in total

Pro

Contra

Heidi HAUTALA

Verts/ALE

0:42 min

14. Second voting session

Eugen JURZYCA

ECR

1:43 min

13. Banking Union - annual report 2020 (debate)

Documents (PDFs)

REPORT on Banking Union – annual report 2020 Banking Union - annual report 2020

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.