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Brussels, |
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Banking Union
The banking union is a comprehensive framework aimed at strengthening and supervising European Union (EU) banks. It comprises key components such as the Single Supervisory Mechanism (SSM), the Single Resolution Mechanism (SRM), a proposed European Deposit Insurance Scheme, and efforts to remove regulatory obstacles hindering the development of Sovereign Bond-Backed Securities (SBBS). Together, these components enhance the stability and oversight of EU banks, protect depositors, and promote efficiency in the EU financial market.
