Progress in work to complete Banking Union

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Title: Progress in work to complete Banking Union
Author: Asplund, Tuulia ; Tissari, Päivi ; Tolvanen, Mervi
Organization: Bank of Finland
Series: Bank of Finland. Bulletin
Series volume: 92
Series number: 2/2018
Year of publication: 2018
Publication date: 24.5.2018
Pages: 52-59
Subject (yso): pankit; riskit; talletussuoja
Keywords: kriisinratkaisu; pankkiunioni; järjestämättömät saamiset
Abstract: The EU's Banking Union is operational but not yet completed. The common European Deposit Insurance Scheme (EDIS) is the key missing component. To reinforce Banking Union and promote the EDIS it is important to decrease risks in the European banking system, the most important of which are the legacy non-performing loans and banks’ large holdings of domestic sovereign bonds. The framework for resolution should also be further improved.
Note: Issue: Financial stability

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