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class="ecl-button ecl-button--ghost ecl-menu__button-caret ecl-button--icon-only" type="button" data-ecl-menu-caret aria-label="Access item's children" aria-describedby="ecl-menu-item-ecl-menu-1593932614-1-link" aria-expanded="false" ><span class="ecl-button__container"><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-button__icon" focusable="false" aria-hidden="true" data-ecl-icon><use xlink:href="/themes/contrib/oe_theme/dist/ec/images/icons/sprites/icons.svg#corner-arrow"></use></svg></span></button><div class="ecl-menu__mega" data-ecl-menu-mega ><ul class="ecl-menu__sublist"><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/regulation-and-supervision/regulatory-process-financial-services_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Regulatory process in financial services" >Regulatory process in financial services</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/regulation-and-supervision/capital-movements_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Capital movements" >Capital movements</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/regulation-and-supervision/european-system-financial-supervision_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="European system of financial supervision" >European system of financial supervision</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/regulation-and-supervision/expert-groups-comitology-and-other-committees_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Expert groups, comitology and other committees" >Expert groups, comitology and other committees</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="https://finance.ec.europa.eu/regulation-and-supervision/consultation_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Consultations" >Consultations</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/regulation-and-supervision/financial-services-legislation_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Financial services legislation" >Financial services legislation</a></li><li class="ecl-menu__subitem ecl-menu__see-all"><a href="/regulation-and-supervision_en" class="ecl-link ecl-link--standalone ecl-link--icon ecl-menu__sublink" ><span class="ecl-link__label">See all</span><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-link__icon" focusable="false" aria-hidden="true" ><use xlink:href="/themes/contrib/oe_theme/dist/ec/images/icons/sprites/icons.svg#arrow-left"></use></svg></a></li></ul></div></li><li class="ecl-menu__item ecl-menu__item--has-children" data-ecl-menu-item data-ecl-has-children aria-haspopup aria-expanded="false" id="ecl-menu-item-ecl-menu-1593932614-2"><a href="/capital-markets-union-and-financial-markets_en" class="ecl-link ecl-link--standalone ecl-menu__link" data-untranslated-label="Financial markets" data-ecl-menu-link id="ecl-menu-item-ecl-menu-1593932614-2-link" >Financial markets</a><button class="ecl-button ecl-button--ghost ecl-menu__button-caret ecl-button--icon-only" type="button" data-ecl-menu-caret aria-label="Access item's children" aria-describedby="ecl-menu-item-ecl-menu-1593932614-2-link" aria-expanded="false" ><span class="ecl-button__container"><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-button__icon" focusable="false" aria-hidden="true" data-ecl-icon><use xlink:href="/themes/contrib/oe_theme/dist/ec/images/icons/sprites/icons.svg#corner-arrow"></use></svg></span></button><div class="ecl-menu__mega" data-ecl-menu-mega ><ul class="ecl-menu__sublist"><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/capital-markets-union-and-financial-markets/capital-markets-union_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Capital markets union" >Capital markets union</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/capital-markets-union-and-financial-markets/financial-markets_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Financial markets" >Financial markets</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/capital-markets-union-and-financial-markets/company-reporting-and-auditing_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Company reporting and auditing" >Company reporting and auditing</a></li><li class="ecl-menu__subitem ecl-menu__see-all"><a href="/capital-markets-union-and-financial-markets_en" class="ecl-link ecl-link--standalone ecl-link--icon ecl-menu__sublink" ><span class="ecl-link__label">See all</span><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-link__icon" focusable="false" aria-hidden="true" ><use xlink:href="/themes/contrib/oe_theme/dist/ec/images/icons/sprites/icons.svg#arrow-left"></use></svg></a></li></ul></div></li><li class="ecl-menu__item ecl-menu__item--current ecl-menu__item--has-children" data-ecl-menu-item data-ecl-has-children aria-haspopup aria-expanded="false" id="ecl-menu-item-ecl-menu-1593932614-3"><a href="/banking_en" class="ecl-link ecl-link--standalone ecl-menu__link ecl-menu__link--current" data-untranslated-label="Banking & insurance" data-ecl-menu-link id="ecl-menu-item-ecl-menu-1593932614-3-link" >Banking & insurance</a><button class="ecl-button ecl-button--ghost ecl-menu__button-caret ecl-button--icon-only" type="button" data-ecl-menu-caret aria-label="Access item's children" aria-describedby="ecl-menu-item-ecl-menu-1593932614-3-link" aria-expanded="false" ><span class="ecl-button__container"><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-button__icon" focusable="false" aria-hidden="true" data-ecl-icon><use xlink:href="/themes/contrib/oe_theme/dist/ec/images/icons/sprites/icons.svg#corner-arrow"></use></svg></span></button><div class="ecl-menu__mega" data-ecl-menu-mega ><ul class="ecl-menu__sublist"><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/banking/banking-union_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Banking union" >Banking union</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/banking/banking-regulation_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Banking regulation" >Banking regulation</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/banking/non-performing-loans-npls_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Non-performing loans (NPLs)" >Non-performing loans (NPLs)</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/banking/supplementary-supervision-financial-conglomerates_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Supplementary supervision of financial conglomerates" >Supplementary supervision of financial conglomerates</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/banking/insurance_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Insurance" >Insurance</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/banking/pension-funds_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Pension funds" >Pension funds</a></li><li class="ecl-menu__subitem ecl-menu__see-all"><a href="/banking_en" class="ecl-link ecl-link--standalone ecl-link--icon ecl-menu__sublink" ><span class="ecl-link__label">See all</span><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-link__icon" focusable="false" aria-hidden="true" ><use 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xlink:href="/themes/contrib/oe_theme/dist/ec/images/icons/sprites/icons.svg#corner-arrow"></use></svg></span></button><div class="ecl-menu__mega" data-ecl-menu-mega ><ul class="ecl-menu__sublist"><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/sustainable-finance/overview-sustainable-finance_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Overview of sustainable finance" >Overview of sustainable finance</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/sustainable-finance/tools-and-standards_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Tools and standards" >Tools and standards</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/sustainable-finance/international-platform-sustainable-finance_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="International Platform on Sustainable Finance" >International Platform on Sustainable Finance</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/sustainable-finance/disclosures_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Disclosures" >Disclosures</a></li><li class="ecl-menu__subitem ecl-menu__see-all"><a href="/sustainable-finance_en" class="ecl-link ecl-link--standalone ecl-link--icon ecl-menu__sublink" ><span class="ecl-link__label">See all</span><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-link__icon" focusable="false" aria-hidden="true" ><use xlink:href="/themes/contrib/oe_theme/dist/ec/images/icons/sprites/icons.svg#arrow-left"></use></svg></a></li></ul></div></li><li class="ecl-menu__item ecl-menu__item--has-children" data-ecl-menu-item data-ecl-has-children aria-haspopup aria-expanded="false" id="ecl-menu-item-ecl-menu-1593932614-5"><a href="/digital-finance_en" class="ecl-link ecl-link--standalone ecl-menu__link" data-untranslated-label="Digital finance" data-ecl-menu-link id="ecl-menu-item-ecl-menu-1593932614-5-link" >Digital finance</a><button class="ecl-button ecl-button--ghost ecl-menu__button-caret ecl-button--icon-only" type="button" data-ecl-menu-caret aria-label="Access item's children" aria-describedby="ecl-menu-item-ecl-menu-1593932614-5-link" aria-expanded="false" ><span class="ecl-button__container"><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-button__icon" focusable="false" aria-hidden="true" data-ecl-icon><use xlink:href="/themes/contrib/oe_theme/dist/ec/images/icons/sprites/icons.svg#corner-arrow"></use></svg></span></button><div class="ecl-menu__mega" data-ecl-menu-mega ><ul class="ecl-menu__sublist"><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/digital-finance/overview-digital-finance_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Overview of digital finance" >Overview of digital finance</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/digital-finance/crypto-assets_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Crypto-assets" >Crypto-assets</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/digital-finance/digital-euro_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Digital euro" >Digital euro</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/digital-finance/cyber-resilience_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Cyber resilience" >Cyber resilience</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/digital-finance/framework-financial-data-access_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Framework for financial data access" >Framework for financial data access</a></li><li class="ecl-menu__subitem ecl-menu__see-all"><a href="/digital-finance_en" class="ecl-link ecl-link--standalone ecl-link--icon ecl-menu__sublink" ><span class="ecl-link__label">See all</span><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-link__icon" focusable="false" aria-hidden="true" ><use xlink:href="/themes/contrib/oe_theme/dist/ec/images/icons/sprites/icons.svg#arrow-left"></use></svg></a></li></ul></div></li><li class="ecl-menu__item ecl-menu__item--has-children" data-ecl-menu-item data-ecl-has-children aria-haspopup aria-expanded="false" id="ecl-menu-item-ecl-menu-1593932614-6"><a href="/consumer-finance-and-payments_en" class="ecl-link ecl-link--standalone ecl-menu__link" data-untranslated-label="Consumer finance" data-ecl-menu-link id="ecl-menu-item-ecl-menu-1593932614-6-link" >Consumer finance</a><button class="ecl-button ecl-button--ghost ecl-menu__button-caret ecl-button--icon-only" type="button" data-ecl-menu-caret aria-label="Access item's children" aria-describedby="ecl-menu-item-ecl-menu-1593932614-6-link" aria-expanded="false" ><span class="ecl-button__container"><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-button__icon" focusable="false" aria-hidden="true" data-ecl-icon><use xlink:href="/themes/contrib/oe_theme/dist/ec/images/icons/sprites/icons.svg#corner-arrow"></use></svg></span></button><div class="ecl-menu__mega" data-ecl-menu-mega ><ul class="ecl-menu__sublist"><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/consumer-finance-and-payments/retail-financial-services_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Retail financial services" >Retail financial services</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/consumer-finance-and-payments/payment-services_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Payment services" >Payment services</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/consumer-finance-and-payments/financial-literacy_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Financial literacy" >Financial literacy</a></li><li class="ecl-menu__subitem ecl-menu__see-all"><a href="/consumer-finance-and-payments_en" class="ecl-link ecl-link--standalone ecl-link--icon ecl-menu__sublink" ><span class="ecl-link__label">See all</span><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-link__icon" focusable="false" aria-hidden="true" ><use xlink:href="/themes/contrib/oe_theme/dist/ec/images/icons/sprites/icons.svg#arrow-left"></use></svg></a></li></ul></div></li><li class="ecl-menu__item ecl-menu__item--has-children" data-ecl-menu-item data-ecl-has-children aria-haspopup aria-expanded="false" id="ecl-menu-item-ecl-menu-1593932614-7"><a href="/financial-crime_en" class="ecl-link ecl-link--standalone ecl-menu__link" data-untranslated-label="Financial crime" data-ecl-menu-link id="ecl-menu-item-ecl-menu-1593932614-7-link" >Financial crime</a><button class="ecl-button ecl-button--ghost ecl-menu__button-caret ecl-button--icon-only" type="button" data-ecl-menu-caret aria-label="Access item's children" aria-describedby="ecl-menu-item-ecl-menu-1593932614-7-link" aria-expanded="false" ><span class="ecl-button__container"><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-button__icon" focusable="false" aria-hidden="true" data-ecl-icon><use xlink:href="/themes/contrib/oe_theme/dist/ec/images/icons/sprites/icons.svg#corner-arrow"></use></svg></span></button><div class="ecl-menu__mega" data-ecl-menu-mega ><ul class="ecl-menu__sublist"><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/financial-crime/anti-money-laundering-and-countering-financing-terrorism-overview_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="AML overview" >AML overview</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/financial-crime/anti-money-laundering-and-countering-financing-terrorism-eu-level_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="AML at EU level" >AML at EU level</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/financial-crime/anti-money-laundering-and-countering-financing-terrorism-international-level_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="AML at international level" >AML at international level</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="https://www.amla.europa.eu/index_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="AMLA" >AMLA</a></li><li class="ecl-menu__subitem ecl-menu__see-all"><a href="/financial-crime_en" class="ecl-link ecl-link--standalone ecl-link--icon ecl-menu__sublink" ><span class="ecl-link__label">See all</span><svg class="ecl-icon ecl-icon--xs ecl-icon--rotate-180 ecl-link__icon" focusable="false" aria-hidden="true" ><use 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xlink:href="/themes/contrib/oe_theme/dist/ec/images/icons/sprites/icons.svg#corner-arrow"></use></svg></span></button><div class="ecl-menu__mega" data-ecl-menu-mega ><ul class="ecl-menu__sublist"><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/eu-and-world/international-fora_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="International fora" >International fora</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/eu-and-world/bilateral-relations_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Bilateral relations" >Bilateral relations</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/eu-and-world/equivalence-non-eu-financial-frameworks_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Equivalence of non-EU financial frameworks" >Equivalence of non-EU financial frameworks</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/eu-and-world/international-cooperation-financial-regulation-and-capital-movements_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="International cooperation" >International cooperation</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/eu-and-world/sanctions-restrictive-measures_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Sanctions (restrictive measures)" >Sanctions (restrictive measures)</a></li><li class="ecl-menu__subitem" data-ecl-menu-subitem ><a href="/eu-and-world/open-strategic-autonomy_en" class="ecl-link ecl-link--standalone ecl-menu__sublink" data-untranslated-label="Open strategic autonomy" >Open strategic autonomy</a></li><li class="ecl-menu__subitem ecl-menu__see-all"><a href="/eu-and-world_en" class="ecl-link ecl-link--standalone ecl-link--icon ecl-menu__sublink" ><span class="ecl-link__label">See all</span><svg class="ecl-icon ecl-icon--xs 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href="https://finance.ec.europa.eu/index_en" class="ecl-link ecl-link--standalone ecl-link--no-visited ecl-breadcrumb__link" >Home</a><svg class="ecl-icon ecl-icon--fluid ecl-breadcrumb__icon" focusable="false" aria-hidden="true" role="presentation"><use xlink:href="/themes/contrib/oe_theme/dist/ec/images/icons/sprites/icons.svg#corner-arrow"></use></svg></li><li class="ecl-breadcrumb__segment ecl-breadcrumb__current-page" data-ecl-breadcrumb-item="static" aria-current="page">Banking & insurance</li></ol></nav><div class="ecl-page-header__info"><h1 class="ecl-page-header__title"><span>Banking, banking union, insurance & pensions</span></h1></div><div class="ecl-page-header__description-container"><p class="ecl-page-header__description">EU rules governing the activities and supervision of EU banks, insurance companies and pension funds, strengthening their resilience to possible shocks, ensuring an orderly exit from the market when needed, while enabling them to finance the economy. 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(NPLs)" data-level="1" >Non-performing loans (NPLs)</a></div><div class="ecl-content-block__description">EU and national authorities are joining forces to address the risks related to high stocks of NPLs in Europe.</div></div></article></div><div class="ecl-content-item-block__item contextual-region ecl-u-mb-l ecl-col-12 ecl-col-l-4 last-item-column"><article class="ecl-navigation-list__item ecl-navigation-list__item--no-border" ><div class="ecl-content-block ecl-navigation-list__content-block" data-ecl-auto-init="ContentBlock" data-ecl-content-block ><div class="ecl-content-block__title" data-ecl-title-link><a href="/banking/supplementary-supervision-financial-conglomerates_en" class="ecl-link ecl-link--standalone" data-untranslated-label="Supplementary supervision of financial conglomerates" data-level="1" >Supplementary supervision of financial conglomerates</a></div><div class="ecl-content-block__description">The EU requires supplementary supervision for financial conglomerates, in 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