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28.11.2018 16:55 Age: 16 days
Category: News

The European Commission reports progress on risk reduction in the EU banking sector and financial stability

Today, the European Commission has reported on the latest developments in risk reduction in the EU banking sector, as well as the progress towards an even more integrated and stable EU financial system. As outlined by the Commission, the risk reduction in the EU banking sector is continuing at a sustained pace, while financial stability has been considerably reinforced in recent years. However, more progress is needed, and it is now time for the co-legislators to agree on all key outstanding files.

In its third progress report on the reduction of non-performing loans (NPLs) the Commission has highlighted their encouraging development, as the number of NPLs in the European banking sector has further declined. The Commission has also emphasized the importance of the completion of the key building blocks of the Capital Markets Union (CMU), together with the Banking Union. According to Valdis Dombrovskis, Vice-President responsible for Financial Stability, Financial Services and Capital Markets Union, the CMU is key in strengthening both Europe's Economic and Monetary Union and the Euro.

An assessment of the progress of the CMU is also being prepared by BETTER FINCANCE in its ‘EU Capital Markets 2024’ conference. It will assess the progress of the CMU initiative since 2015, look ahead to the next 5 years and investigate its connection to sustainable finance. 

The full report is available here


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