European Parliament agrees on ECB supervision of Eurozone banks. More agreement needed before European banking union can be implemented.
Eurozone banking supervisor Daniele Nouy is worried about high levels of non-performing loans (NPLs) on eurozone banks' balance sheets. Guidelines on how banks should deal with their NPL burdens are in development.
The EU Commission has unveiled plans for a eurozone bank deposit insurance fund to become the third pillar of its much-vaunted banking union. Germany and Austria, however, are resisting the proposal.
ECB President Mario Draghi has reiterated his call for a savers' protection scheme that would apply across the eurozone. It is seen as the last, albeit controversial, pillar of the bloc's banking union.
Stress tests of Europe's biggest banks showed most are healthy. A few appeared wobbly: Italy's Banca Monte dei Paschi di Siena, Allied Irish Banks, Scotland's RBS, Austria's Raiffeisen and Spain's Banco Popular.
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