THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 53 and Article 114 thereof, Having regard to the proposal from the European Commission,
After transmission of the draft legislative act to the national parliaments, Having regard to the opinion of the European Central Bank [OJ C 444, 10.12.2018, p. 15.],
Having regard to the opinion of the European Economic and Social Committee [OJ C 367, 10.10.2018, p. 43.], Acting in accordance with the ordinary legislative procedure [Position of the European Parliament of 19 October 2021 (not yet published in the Official Journal) and decision of the Council of 9 November 2021.],
Whereas:
(1) The establishment of a comprehensive strategy to address the issue of non-performing loans (NPLs) is a priority for the Union. While addressing NPLs is primarily the responsibility of credit institutions and Member States, there is also a clear Union dime
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