ECONOMY - FINANCE / Banks

Review of EU crisis management framework should not replace completion of Banking Union, say six European Parliament groups

Brussels, 07/12/2022 (Agence Europe)

Six political groups - EPP, S&D, Renew Europe, Greens/EFA, ECR and The Left - in the European Parliament continue to believe that completing the Banking Union in the euro area is important for the soundness of the banking sector.

In a rare joint statement published on Wednesday 7 December, they regret that the European legislator is about to miss the opportunity to set up a European Deposit Insurance Scheme (EDIS), the third part of the Banking Union, while the prudential banking framework...