A number of indicators point to an increased degree of cross-border banking activities in the euro area, such as the growing cross-border share in the financial holdings of banks, the increasing crossborder mergers & acquisitions, and the rising market share of major cross-border banking groups.
In this context, it is also important that the EU policy framework ensures equal market access and supports the efficient operation of banks across countries. Various prudential, legal and fiscal measures to strengthen the EU framework for cross-border banking have already been adopted or are currently under preparation.