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ZurückThe Austrian Federal Chamber of Labour welcomes the Commissions’ initiative to reform the structure of the EU banking sector.
In our view, it is an important corner stone, without which the other elements of a banking union, the Basel III accord and its implementation by CRD/CRR, the Bank Resolution and Recovery Directive (BRRD), the single supervisory mechanism (SSM) and a reform of deposit guarantee schemes (DGS) cannot be expected to be fully effective.