Published on
23/06/2026 - 10:42 GMT+2
The European Union will propose new legislation to reform the banking sector, aiming to break down financial barriers within the bloc and reduce its dependence on foreign banks for critical financing needs, according to a draft European Commission report seen by Euronews.
The report, due to be presented on 15 July, lays the groundwork for broader banking sector reforms expected in 2027.
"EU banking market remains fragmented and has become overly complex in certain areas," the report says, specifying that the situation results in "households and businesses paying more for credit than they should."
