EAPB welcomes recognition of promotional banks in the European Commission’s proposals reviewing the legislative framework of the Banking Union and highlights the need for further adjustments in order to maintain a level playing field

23 November 2016

On November 23, the European Commission published a set of proposals on the current legislative framework of the EU Banking Union. The proposals constitute the most substantial amendments to the existing provisions ever since the establishment of the post-crisis framework and will make important changes to the texts of various regulations and directives (Capital Requirements Regulation (CRR), Capital Requirements Directive IV(CRDIV), Bank Recovery and Resolution Directive, Single Resolution Mechanism Regulation (SRMR)).