Banking Market Trends

2017 has seen some antagonistic forces, whose resultant seems uncertain. On the one hand, people are talking about the steps that are to be taken with a view to consolidating the single market and achieving banking union. On the other hand, negotiations caused by Brexit between the European Union (EU or the Union) and Great Britain have been initiated. A brief review of such contradicting trends observed within the Union is shown below.

1. Towards consolidating Banking Union (Centripetal Forces)

At the end of 2016, the European Commission (the Commission) publicly announced the new reform package meant to consolidate EU banks' resilience and secure financial stability within the Union. Such proposals envisage a continuation of the reforms initiated further to the financial crisis, and are indirectly aimed at completing the banking union. Amongst the targeted objectives, the Commission specifies the increase in the EU institutions' resilience and consolidation of