ContextRemarks sent to the Frankfurt event marking ten years of the ECB's single bank supervision; the Eurogroup coordinates euro area policies and works to complete the banking union.
Why it mattersThe Eurogroup president notes that crisis management and deposit insurance remain national, leaving the banking union unfinished.
Problems raised
The Banking Union is still incomplete.
Crisis management and deposit guarantees remain national.
Banks face geopolitical, climate and digital risks.
Solutions proposed
Strengthen the crisis management and deposit insurance framework.
