Expert advice and political choice in constructing European banking union
Shawn Donnelly
Journal of Banking Regulation, 2016, vol. 17, issue 1-2, 104-118
Abstract:
International actors promoted the transfer of regulatory authority and financial resources from national governments to the European Union (EU) in the context of establishing the prerequisites for financial stability in Europe through banking union. It was supplied, however, by a political process that kept significant resources in resolution and deposit insurance largely in national hands. This article examines the politics behind those decisions, and how the hybrid of European and national competences affects bank regulation and financial stability in the EU. It concludes that the tension between strong EU supervisory powers and weak capacity to deal with insolvent institutions will persist.
Date: 2016
References: Add references at CitEc
Citations:
Downloads: (external link)
http://www.palgrave-journals.com/jbr/journal/v17/n1-2/pdf/jbr201513a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/jbr/journal/v17/n1-2/full/jbr201513a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:pal:jbkreg:v:17:y:2016:i:1-2:p:104-118
Ordering information: This journal article can be ordered from
http://www.springer.com/finance/journal/41261/PS2
Access Statistics for this article
Journal of Banking Regulation is currently edited by Dalvinder Singh
More articles in Journal of Banking Regulation from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().