A Contribution from the Chair and Vice-Chairs of the Advisory Scientific Committee to the Discussion on the European Commission's Banking Union Proposals
7 Pages Posted: 5 Nov 2020
Date Written: October, 2012
Abstract
A European banking union is necessary to ensure the stability of the European financial system. This paper assesses the EU Commission's proposals for legislation to create a banking union in Europe. The EU Commission's proposal for a regulation creating a single supervisory mechanism is strongly supported. At the same time, a European resolution authority is essential for the credibility of the single supervisory mechanism.
Keywords: bank regulation, market integration
JEL Classification: G28
Suggested Citation: Suggested Citation
Sapir, André and Hellwig, Martin F. and Pagano, Marco, A Contribution from the Chair and Vice-Chairs of the Advisory Scientific Committee to the Discussion on the European Commission's Banking Union Proposals (October, 2012). ESRB: Advisory Scientific Committee Reports 2012/2, Available at SSRN: https://ssrn.com/abstract=3723322 or http://dx.doi.org/10.2139/ssrn.3723322
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