The European Banking Union - Rationale and Key Policy Issues
Ch. 1, in: Jens-Hinrich Binder and Christos V. Gortsos (eds.), Banking Union: A Compendium, Baden-Baden: Nomos, 2015, Forthcoming
20 Pages Posted: 25 Apr 2015
Date Written: April 22, 2015
The creation of the European Banking Union has substantially changed the supervisory infrastructure in the participating EU Member States. The underlying rationale is complex and, in part, contradictory. Against this backdrop, present paper critically reviews the policy debate both prior to and after the completion of the relevant legal foundations, discusses the policy issues and technical implications, and presents a preliminary assessment of the final arrangements against stated (and hidden) policy objectives.
Keywords: Banking Union, Single Supervisory Mechanism, Single Resolution Mechanism
JEL Classification: E44, G20, G21
Suggested Citation: Suggested Citation