Banking Union – annual report 2024
TA-10-2025-0105 · P10_TA(2025)0105 · PE765.133
- Adopted in plenary 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.
Parliament's annual report on the Banking Union acknowledges progress but stresses that 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 risks such as cyber threats and bank desertification.¶¶¶ The resolution urges EU banks to exit Russia, supports the digital euro as a complement to cash, and calls for gender balance in financial institutions. It also addresses supervision, resolution, and deposit insurance, calling for full resolvability and progress on a European deposit insurance scheme.¶¶¶
Key points
- Acknowledges progress on 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 calls for completing the Banking Union to uphold free movement of capital; calls on EU banks in Russia to exit swiftly.¶¶
- Notes the digital euro should complement, not replace, cash; the decision to introduce it is political for co-legislators.¶
- Calls on financial institutions to update diversity policies and address lack of gender balance in management bodies.¶
- Welcomes the banking package implementing Basel III; notes the delegated act postpones market risk framework to 1 January 2026; calls for assessing equivalence decisions.¶
- Notes bank branch closures risk 'bank desertification'; underscores proportionality in supervision for smaller banks.¶
- Notes high resilience with Common Equity Tier 1 ratio at 15.81%, non-performing loans ratio at 2.30%, and liquidity coverage ratio at 159.39%.¶¶
- Welcomes the Anti-Money Laundering Authority; stresses enhancing resilience of non-bank financial intermediaries and addressing crypto-asset risks.¶¶¶
- Recalls Parliament's April 2024 position on crisis management and deposit insurance; stresses bail-in as main source for resolution financing.¶¶
- Calls for full ratification of the ESM Treaty amendment for a common backstop; underlines need for full resolvability and progress on European deposit insurance.¶¶¶
Who is affected
- EU banks operating in Russia are called on to exit the Russian market as soon as possible.¶
- Smaller banks, especially in rural areas, are affected by bank branch closures and regulatory burdens; proportionality is urged.¶
- Financial institutions are called on to improve gender balance and diversity in management bodies.¶
- The European Banking Authority is called on to respect mandates from the Banking Package.¶