EconPapers    
Economics at your fingertips  
 

Europe's Banking Union

Nicolas Veron

Chapter 6 in The New International Financial System:Analyzing the Cumulative Impact of Regulatory Reform, 2015, pp 131-162 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Banking union, or the partly completed shift of authority for banking sector policy from the national to the European level, has been the most far-reaching and structural response to the financial crisis since 2007 in the European Union (EU). When first announced by European policymakers in mid-2012, banking union was met with a fair amount of skepticism from independent observers and market participants. It is now taken more seriously, since its first step, the transfer of bank supervisory authority from national prudential bodies in the euro area to the European Central Bank (ECB), was completed on November 4, 2014. However, banking union is still incompletely understood by most observers in Europe and internationally, in large part because of the inherent complexity of the EU institutional environment. This chapter starts with a brief exposition of the genesis and rationale of Europe's banking union. It then describes and assesses its current status, and outlines prospects for its future development.

Keywords: Financial Stability; Systemic Risk; Financial Regulation; Too-Big-to-Fail; Regulatory Burden; Financial Institutions (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789814678339_0006 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789814678339_0006 (text/html)
Ebook Access is available upon purchase.

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:wsi:wschap:9789814678339_0006

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().

 
Page updated 2025-03-31
Handle: RePEc:wsi:wschap:9789814678339_0006