Stronger prudential requirements on banks: Statement by Commissioner Barnier following the agreement on the new rules

Michel Barnier

“I welcome the final agreement reached last night on a package that sets stronger prudential requirements for banks, requiring them to keep sufficient capital reserves and liquidity (...). After the agreement on the Single Supervisory Mechanism two days ago, we are taking another fundamental step towards a genuine Banking Union, which will contribute to securing the stability of European banks and benefit our economies at large”. Statement by Commissioner Barnier.