The European Banking Union, a First Analysis

Financial Law Institute Working Paper Series WP 2012-07

29 Pages Posted: 7 Nov 2012

See all articles by Eddy Wymeersch

Eddy Wymeersch

Ghent University - Financial Law Institute; ECGI

Date Written: October 23, 2012

Abstract

The European Council of 18-19 October 2012 has confirmed its decision to support the European Banking Union for the euro area. The Single Supervisory mechanism, centralising banking supervision at the European Central bank is the first, most directly applicable building block in this Union. The Commission proposals, published on 12 September and to be adopted before the end of 2012, have stirred ample political, financial and technical interest. The present paper gives a first legal and technical analysis of these proposals, referring also to some of the discussions that have already sprung up and identifying a few of the controversial points.

Keywords: banks, bank, banking union, european union, EU, euro area, euro, supervision, European central bank

JEL Classification: G21, G28

Suggested Citation

Wymeersch, Eddy O., The European Banking Union, a First Analysis (October 23, 2012). Financial Law Institute Working Paper Series WP 2012-07. Available at SSRN: https://ssrn.com/abstract=2171785 or http://dx.doi.org/10.2139/ssrn.2171785

Eddy O. Wymeersch (Contact Author)

Ghent University - Financial Law Institute ( email )

Universiteitstraat 4
Gent, B-9000
Belgium
+32 9 264 68 27 (Phone)
+32 9 264 68 55 (Fax)

HOME PAGE: http://www.law.ugent.be/fli

ECGI ( email )

c/o ECARES ULB CP 114
B-1050 Brussels
Belgium

Register to save articles to
your library

Register

Paper statistics

Downloads
927
rank
23,488
Abstract Views
3,255
PlumX Metrics