The European Parliament has announced that it has adopted its first annual Banking Union resolution. MEPs considered that the establishment of the Single Supervisory Mechanism was a success, both from an operational point of view and in terms of supervisory quality, but identified a number of problems and significant margins of improvement. In particular, MEPs underlined the need for effective coordination between micro- and macro-prudential policies, and the need for stabilisation of the supervisory and regulatory framework.

View European Parliament adopts resolution on state of banking union, 10 march 2016