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In response to the global financial crisis, the European Union embarked on a wide-ranging reform of the prudential framework to ensure the resilience of its banking system in line with the international standards issued by the Basel Committee on Banking Supervision. As a result of these reforming efforts, the EU banking system is now among the most stable and well-capitalised in the world. Given its strengths and stability, the EU banking system can play an important role to support the financing of innovative companies and strategic sectors, amongst others.

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Source: EUR-Lex (Cellar) · retrieved 2026-09-07 · Text as adopted (Official Journal); later amendments are not incorporated in this text.