The Bank has also been implementing the Fund-Provisioning Measure to Support Strengthening the Foundations for Economic Growth, and has been supporting financial institutions’ individual initiatives.
Some relate to the Banking Union, with the proposed European Deposit Insurance Scheme and the introduction of “risk-reduction” measures in the context of the upcoming revision of the legislative pillars of the Single Rulebook for banks – namely the Bank Recovery and Resolution Directive (BRRD), the Capital Requirements Regulation (CRR) and the Capital Requirements Directive (CRD). Others relate to the Capital Markets Union (CMU).