The communication takes stock of what has been achieved in creating the banking union and what measures are still needed to complete it. It urges the European Parliament and the Council to progress quickly in the adoption of measures to tackle remaining risks in the banking sector and suggests new actions to reduce non-performing loans and to help banks diversify their investment in sovereign bonds. The communication also aims to give new impetus to the negotiations on the European deposit insurance scheme (EDIS) and maps out the path towards the setting up of a last resort common fiscal backstop for the single resolution mechanism.
Communication from the Commission: Completing the banking union
First published on
11 October 2017