In a speech at the European Parliament, Parliament Vice President Vladis Dombrovskis highlighted the importance of the Banking Union and Capital Markets Union as components of the Economic and Monetary Union. Vice President Dombrovskis said that creating a common backstop for the Single Resolution Fund and a European Deposit Insurance scheme are key steps in completing the Banking Union. 

On the other hand, ten legislative proposals concerning the Capital Markets Union are yet to be adopted. These include provision for a new EU license for crowdfunding platforms, common EU rules for covered bonds and measures to facilitate the cross-border distribution of investment funds.