Third Progress Report on the reduction of NPLs in the Banking Union

In line with the Commission’s roadmap as of December 6, 2017 for deepening the Economic and Monetary Union and corresponding to the Leaders’ Agenda, completing the Banking Union remains one of the Union’s key policy objectives. Completing the Banking Union will further reinforce trust in the banking sector and more widely in the Economic and Monetary Union. This will boost the Economic and Monetary Union’s resilience to adverse shocks by enabling more private risk sharing across borders.