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The Single Resolution Board welcomes the European Commission's “Communication on the Competitiveness of the Banking Sector and the Single Market in Banking”

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From a crisis management perspective, the SRB appreciates the report's comprehensive approach, blending simplification with measures to foster market integration, from deposit insurance to liquidity in resolution. This aligns with the SRB view that competitiveness is best fostered not only by simpler, fewer rules, but also by completing the Banking Union to reap the benefits of a true Single Market. The SRB recommends to pursue the development of these first ideas while finding the right balance between flexibility and predictability. 

About the MREL proposal, the SRB reiterates a holistic approach is needed as MREL calibration depends on supervisory and macro-prudential requirements and on access to industry safety-nets. 

The SRB stands ready to support the European Commission and the co-legislators by providing its expertise and experience.

The SRB’s approach to simplification

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The SRB is committed to ensuring an effective, proportionate and predictable resolution framework that safeguards financial stability while contributing to a competitive EU banking sector. Simplification supports this objective by streamlining processes,

Contact our communications team

Anissa Benkirane
Communication Expert
Name
Anissa Benkirane
Email
Anissa.BENKIRANE [a] srb.europa.eu
Phone:
+3224903512
Mobile:
+32471330002

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