Archive » February 2019 » Supervising banks: principles and priorities
The Banking Union can only be successful if it delivers an integrated, truly domestic banking market for the Euro Area. This is essential in order to enhance private risk-sharing, so that a shock hitting a Member State or region can be better absorbed through a more diversified banking sector. Other important priorities for the European Supervisors have been well defined and call for continued focus and effort: a greater transparency in supervisory methodologies and practices, a continuous dialogue with supervised subjects and industry associations, reducing complexity. Important steps that will help banks to be more compliant and resilient.