Banking Union is positive, but important improvements are still needed, MEPs say

The first EU Parliament annual report on the progress made in 2015 by the Banking Union (BU), drafted by the Chairman of the Economic and Monetary Affairs Committee, Roberto Gualtieri (IT, S&D), welcomed the BU as instrumental to ensuring stability and restoring confidence in euro area banks, but said that work still needs to be done.

The resolution was adopted by 351 votes in favour, 112 against and 30 abstentions. Continue Reading