REFLECTIONS ON UNION EUROPEAN BANKING PROJECT

Jenica Popescu and Victoria Firescu
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Jenica Popescu: University of Craiova Faculty of Economics and Business Administration
Victoria Firescu: University of Pitesti Faculty of Economic Sciences

Annals of University of Craiova - Economic Sciences Series, 2014, vol. 1, issue 42, 69-74

Abstract: The international financial crisis has revealed malfunctioning of surveillance systems available until 2007-2008, as well as the relationship between banks and governments, which led to the idea of creating a European Banking Union, as a measure to prevent new negative phenomena. The project provides a centralized supervision of European banks, conducted by European Central Bank and the European Banking Authority, and common banking rules into European Union and the establishment of a common fund to guarantee bank deposits.

Keywords: centralized supervision; common banking rules; banking union; resolution mechanism; banking crisis (search for similar items in EconPapers)
JEL-codes: G01 G18 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2014:i:42:p:69-74

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