What changed
Adds a paragraph on bank branch closures and the importance of smaller banks, calling for proportionality in supervision. #2 Other changes are formal: decimal separators updated and paragraphs renumbered. #1#3#4
1 change of substance, plus 3 formal. Each change below carries a one-line ✦ note from the same model. Written from the two texts only — read the highlighted passages before relying on it.
The changes to the text itself, in document order. Cover page, citations (“having regard to …”), standard resolution paragraphs and punctuation-only edits are left out — they are in “Show every difference”.
Change #2 Substance
Adds a paragraph acknowledging bank branch closures and 'bank desertification', emphasizing the role of smaller banks and the need for proportionality in supervision.
19. Acknowledges the growing phenomenon of bank branch closures, which contributes to the risk of ‘bank desertification’ in certain regions, with a particularly negative impact on vulnerable citizens without digital access; emphasises the critical role smaller banks play in ensuring access to essential banking services, especially in rural and remote areas, thereby supporting households, SMEs and local economies; notes that the high supervisory costs and regulatory burdens can pose significant challenges for smaller banks; underscores the need to apply the principle of proportionality in banking supervision, ensuring that the intensity of regulation is tailored to the size, risk profile and business model of institutions, while taking into account the essential territorial role of smaller banks and their specific characteristics;