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Board members of the European Banking Federation, meeting in Brussels on 26 October, highlighted the importance of a strong and healthy banking sector to support growth, particularly in an adverse economic environment. As part of their discussions on issues impacting banks, customers and the real economy, EBF Board members extensively discussed the Banking Union proposals. Members fully support the decision to empower the European Central Bank to supervise all banks in the Euro area as part of a new single supervisory mechanism, and encourage Europe’s policy makers to clarify the next steps that will be necessary to build a strong integrated supervisory capacity across Europe. The single rulebook and a level playing field are key in the implementation, which builds on a harmonised...
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