What is the banking union

The banking union ensures that EU banks are stronger and better supervised.

Single supervisory mechanism

The SSM gives the European Central Bank certain supervisory tasks over the EU financial system.

Single resolution mechanism

The single resolution mechanism (SRM) is a central institution for bank resolution in the EU.

European deposit insurance scheme

A proposed scheme to protect retail deposits in the banking union.

Sovereign bond-backed securities (SBBS)

The EU is working to remove unjustified regulatory impediments to the development of SBBS.