On Banking Union – annual report 2024
A-10-2025-0044
Committee on Economic and Monetary Affairs · Rapporteur: Ralf Seekatz
- Voted on · Adopted 345–135–62 · See the decision →
- Full procedure 2024/2055
Written by a language model from the full text only; every figure comes from the text. The paragraph links open the paragraph a statement rests on — check the text itself before relying on it.
This resolution on the Banking Union annual report 2024 acknowledges progress made through the Single Supervisory Mechanism and Single Resolution Mechanism, but notes the Banking Union remains incomplete without a European deposit insurance scheme.¶ It calls for completing the Banking Union and Capital Markets Union, enhancing competitiveness, and addressing challenges such as cyber resilience, non-performing loans, and the exit of EU banks from Russia.¶¶¶ It stresses the importance of preserving the bail-in principle, ensuring resolvability, and moving forward on a European deposit insurance scheme.¶¶¶
Key points
- Acknowledges progress in establishing the Single Supervisory Mechanism and Single Resolution Mechanism, but notes the Banking Union is incomplete without the European deposit insurance scheme.¶
- Asks the Commission to keep completing the Banking Union and Capital Markets Union a priority, considering different banking models while preserving a level playing field.¶
- Calls for preparedness for banking stress and bank runs, and stresses cyber resilience as key for competitiveness and financial stability.¶¶
- Regrets limited cross-border banking activity and lower profitability of EU banks; calls for proportionate solutions for smaller banks and a review to streamline regulation.¶¶
- Calls on EU banks still operating in Russia to exit the Russian market as soon as possible, with supervisory institutions ensuring swift exit.¶
- Notes the digital euro should complement, not replace, cash; the decision to introduce it is political and for co-legislators.¶
- Regrets lack of gender balance in financial institutions' management; calls for updated diversity policies and addressing the lack of diversity.¶
- Welcomes the banking package implementing Basel III; calls on the Commission to assess equivalence decisions and the impact of postponed market risk rules.¶
- Notes stable non-performing loans ratio at 2.30% and liquidity coverage ratio at 159.39%, but highlights varying exposure levels across member states.¶¶
- Welcomes the new Anti-Money Laundering Authority for better combating money laundering and terrorist financing.¶
- Recalls that bail-in of shareholders and creditors must remain the main source for resolution financing before industry-funded sources.¶
- Calls for full ratification of the Amending Agreement to the ESM Treaty, including a common backstop to the Single Resolution Fund.¶