This study was prepared for the European Parliament’s Committee on Economic and Monetary Affairs (ECON). The study is available on the European Parliament’s online database, ‘ThinkTank‘. Copyright remains with the European Parliament at all times.
The European banking system has weathered the pandemic reasonably well with the help of government intervention and economic support. Going forward, the EU should ensure the financial sector remains resilient by implementing the Basel III capital requirements in full, monitoring effects of the digital transition, and continuing to hold banks to high standards.