Update: The press release has been updated to reflect final approved version of the Communication
Efforts to reduce risks in the EU banking sector are bearing fruit, according to new figures released by the European Commission today.
In its fourth progress report on the reduction of non-performing loans (NPLs), the Commission today confirms that NPL levels are continuing their downward trajectory towards pre-crisis levels. The ratio of NPLs in EU banks has come down by more than half since 2014, declining to 3.3% in the third quarter of 2018 and down by 1.2 percentage points year-on-year.
The ‘Normandy Index’ aims to measure the level of conflict in the world. It is to be presented for the first time on the occasion of the Normandy Global Peace Forum in June 2019, as a result of the partnership between the European Parliament and the region of Normandy. The Index has been designed and prepared by the European Parliamentary Research Service (EPRS) and developed by the Institute for Economics and Peace.
Strengthening the Banking Union and Capital Markets Union is a key priority in the legislative work pursued by the Romanian Presidency of the Council of the European Union. 12 legislative files on financial services have been closed after long and constructive negotiations with the European Parliament.
The Council today adopted a new framework for dealing with banks’ bad loans. The new rules set capital requirements applying to banks with non-performing loans (NPLs) on their balance sheets. The aim of the reform is to ensure that banks set aside sufficient own resources when new loans become non-performing and to create appropriate incentives to avoid the accumulation of NPLs.