compulsory reserve of banks

bank provisioning

liquid reserves | liquidity reserves

SMEs, as the backbone of the EU economy, should not be discriminated against in terms of access to financing as a result of the strict rules on banks' reserves (10).

In accordance with Union and national law, Member States could, for instance, consider putting in place systems of banking registries or electronic data retrieval systems which would provide FIUs with access to information on bank accounts without prejudice to judicial authorisation where applicable.

38. Welcomes the creation of a single supervisory mechanism covering the euro area and open to all other EU Member States; stresses that establishing a single resolution mechanism for banks is an indispensable step in setting up a genuine banking union; considers that, to overcome the structural deficiencies inherent in the economic and monetary union and to effectively curb the pervasive moral hazard, the proposed ‘banking union’ should draw on the earlier reform of the Union financial services sector, as well as the strengthened economic governance, especially in the euro area, and the new budgetary framework of the European Semester, to ensure greater resilience and competitiveness of the Union banking sector, increased confidence in it, and enhance ...[+++]d capital reserves to prevent Member States’ public budgets having to bear the costs of banks’ bail-outs in the future;

38. Welcomes the creation of a single supervisory mechanism covering the euro area and open to all other EU Member States; stresses that establishing a single resolution mechanism for banks is an indispensable step in setting up a genuine banking union; considers that, to overcome the structural deficiencies inherent in the economic and monetary union and to effectively curb the pervasive moral hazard, the proposed ‘banking union’ should draw on the earlier reform of the Union financial services sector, as well as the strengthened economic governance, especially in the euro area, and the new budgetary framework of the European Semester, to ensure greater resilience and competitiveness of the Union banking sector, increased confidence in it, and enhance ...[+++]d capital reserves to prevent Member States’ public budgets having to bear the costs of banks’ bail-outs in the future;