While weak demand for bank credit could be one of the factors leading to the observed slowdown in credit growth, a primary cause of the slowdown had also been the weak balance sheets of public sector banks in view of large  13  non-performing assets which seem to have made banks risk averse and induced them to reduce the supply of credit: under-capitalized banks have capital only to survive, not to grow 7.
For the euro area only, there are the two SSMR and SRMR Regulations establishing the new bodies tasked with supervision and banking resolution, dating from 2013 and 2014 respectively; for the European Union as a whole, we have CRD IV (the Capital Requirements Directive), followed by the CRR (Capital Requirements Regulation), both from 2013; finally, there is the BRRD (Banking Recovery and Resolution Directive), from 2014, and the DGSD (Deposit Guarantee Schemes Directive), also dated 2014.