The Single Resolution Board welcomes the European Commission's “Communication on the Competitiveness of the Banking Sector and the Single Market in Banking”

From a crisis management perspective, the SRB appreciates the report's comprehensive approach, blending simplification with measures to foster market integration, from deposit insurance to liquidity in resolution. This aligns with the SRB view that competitiveness is best fostered not only by simpler, fewer rules, but also by completing the Banking Union to reap the benefits of a true Single Market.