Commission outlines measures to strengthen Europe's banking sector and support growth

The European Commission today adopted a Communication on the competitiveness of the EU banking sector, setting out measures to strengthen the single market for banking.

The objective of this Communication – which is is a key pillar of the Commission's savings and investments union (SIU) strategy – is to build a more integrated, efficient, and competitive banking sector that can strengthen Europe's economy by financing growth, innovation, and strategic priorities, underpinned by a better-balanced regulatory framework, creating the conditions for banks to take prudent risks while safeguarding the sector's resilience, delivering better services to households and businesses, all while preserving financial stability and fostering sustainable growth.

Documents

• Press release
• Questions & answers
• Factsheet
• Timeline of the initiative and stakeholder's feedback
• Communication
• Staff working document
• Summary of responses to the targeted consultation
• Summary of responses to the call for evidence
• Watch the recording of the press conference