ECB Proposes Simpler Financial Rules and Faster Banking Union in the European Union
The European Central Bank (euro area central bank) said the changes are intended to strengthen the European Union banking sector and support its role in the real economy.
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Terms & Concepts
Banking union: A European Union framework for centralized bank supervision and crisis management across member states.
ECB: The European Central Bank, which sets monetary policy for the euro area and helps oversee financial stability.