The MoU -- which was adopted under the aegis of the Economic and Financial Committee -- applies to crisis situations with a potential for both cross-border and systemic consequences affecting credit institutions , banking groups or banking 3 A more detailed analysis of structural developments in the EU and euro area banking sectors can be found in the BSC report entitled « EU banking structures » , October 2005 , and in the article entitled « Consolidation and diversification in the euro area banking sector » in the May 2005 issue of the ECB 's Monthly Bulletin . The number of credit institutions decreased by 2.8% in 2004 and by 2.3% in 2005 ( annualised figure from information up to the third quarter ) , falling to slightly below 6,300 .
Valvontapöytäkirja tuli voimaan 1.7.2005 , ja se hyväksyttiin talous - ja rahoituskomitean ( Economic and Financial Committee , EFC ) alaisuudessa . Se koskee kriisitilanteita , joissa on osallisina luottolaitoksia , pankkiryhmiä tai finanssiyritysten pankkiryhmiä ja joiden vaikutukset saattavat ulottua maasta toiseen ja olla systeemisiä .