SRB publishes its response to Commission consultation on EU banking sector competitiveness

The Single Resolution Board (SRB) has submitted its response to the European Commission’s consultation on the competitiveness of the EU banking sector.

The consultation provides a timely opportunity to reflect on how the EU framework can support both financial stability and competitiveness. Over the last decade, the Banking Union has strengthened the resilience of European banks and the financial system. At the same time, it remains incomplete, and persisting fragmentation continues to weigh on integration and efficiency.

In its response, the SRB focuses on areas within its mandate where further progress can support both resilience and integration, in particular:

• advancing towards a more integrated European deposit protection framework;
• strengthening the framework for liquidity in resolution;
• enhancing the cross-border allocation of capital and liquidity within banking groups, supported by resolvability safeguards and
• promoting targeted simplification, including greater coherence across frameworks and streamlined MREL processes, while preserving resilience. 

The SRB stands ready to continue engaging with the European Commission and stakeholders as this work progresses.