These measures helped to stabilise lending to the real economy, in particular to the sectors most affected by the pandemic. [4] As a consequence, the banking sector has not suffered large losses during the pandemic. In many countries, the capitalisation of banks has even increased.
Or as stated in the mandate “to establish a safe and efficient banking system, serving the needs of citizens, the EU economy and the internal market”. As this list shows, the High-level Expert Group did not see structural separation as a “silver bullet” for stability and security.