The Banking Union can only be successful if it delivers an integrated, truly domestic banking market for the Euro Area. This is essential in order to enhance private risk-sharing, so that a shock hitting a Member State or region can be better absorbed through a more diversified banking sector. Other important priorities for the European Supervisors have been well defined and call for continued focus and effort: a greater transparency in supervisory methodologies and practices, a continuous dialogue with supervised subjects and industry associations, reducing complexity. Important steps that will help banks to be more compliant and resilient.
