Statement by ECOFIN President Yannis Stournaras on European Parliament’s vote on SRM

We take note of the vote today by the European Parliament on the amendments to the SRM regulation.

The SRM is one of the key elements of Europe's banking union and a top priority for the Greek Presidency. All parties involved should now move ahead with reinforced vigour to adopt the legislation before the end of the parliamentary term, as called for by the European Council in October.

The Council has indicated its flexibility and willingness to discuss all issues in an open manner and in a spirit of compromise. There are fundamental principles on the SRM that both Parliament and Council agree on. We are confident that it should be possible to bridge the gap between our positions in all issues.