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REPORT (2025/2051(INI))

On safeguarding and promoting financial stability amid economic uncertainties

A-10-2025-0232

Committee on Economic and Monetary Affairs · Rapporteur: Johan Van Overtveldt

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✦ In short · AI summary of this text, generated 4 Sept 2026

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 addresses financial stability amid economic uncertainties, covering Banking Union, Capital Markets Union, macro-financial risks, NBFI oversight, liquidity, digital risks, and supervisory coherence. It calls for completing the Banking Union, prioritizing a CMU agenda, enforcing fiscal rules, implementing Basel III, reforming money market funds, and enhancing supervision and data sharing.

Key points

  1. Calls on the Commission to prioritize a CMU agenda that supports competitiveness without hampering financial stability.
  2. Recognizes completion of the Banking Union as a strategic priority and notes trade-offs in cross-border consolidation.
  3. Calls for enforcement of EU economic governance and fiscal rules to ensure sustainable public finances.
  4. Emphasizes implementation of Basel III and maintaining the integrity of the Basel framework.
  5. Calls for a thorough review of regulatory gaps regarding NBFIs, including family offices and supply chain finance companies.
  6. Calls on the Commission to reform the Money Market Funds Regulation in line with international standards and ESRB/ESMA recommendations.
  7. Calls for tools to capture liquidity outflows from margin calls during systemic events, especially for energy utilities and NBFIs.
  8. Urges the Commission and ESRB to closely follow crypto-asset market evolutions and assess contagion channels from stablecoins.
  9. Calls for mapping dependencies on non-EU digital service providers and addressing risks of hybrid attacks.
  10. Supports a holistic supervisory approach and enhanced data sharing for system-wide stress testing.

Who is affected

  • EU banks and credit institutions: face continued Basel III implementation and macroprudential oversight.
  • Non-bank financial intermediaries (NBFIs): subject to calls for regulatory gap review and monitoring.
  • Money market funds: expected reform of the regulatory framework.
  • Crypto-asset and stablecoin markets: subject to monitoring and potential regulatory measures.

Figures and deadlines

  • NBFIs comprise over 40 % of the EU financial sector's assets.