Deepen capital markets union, deprivilege government debt, reduce TARGET2 balances

Summary

Commitment to measures at EU level to reduce TARGET2 balances: Deepening the Capital Markets Union with the aim of reducing national fragmentation in the commercial banking market and increasing private cross-border risk sharing, regulations for banks to hold government bonds, upper limits for large loans, preventing banks from being bailed out using taxpayers' money by changing the EU Bank Resolution Directive (BRRD), Regulations on TARGET2 liabilities in the event of an exit from the Eurozone, changes to the majority rules in the ECB Council

Machine translation from German. The official text remains authoritative.

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• 19/6416

  Drucksache · DE · 11 December 2018

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