... not allow a uniform level of protection for the same category of investors and depositors across participating Member States. As a result, the intrinsic value of a deposit in one Member State could differ from that in another, even within the banking union. ⁷ The current euro-area CMDI framework...

... and an evidence-based approach to reconsidering and settling these problems is advanced. distressed loans asset quality NPL workout units banking union The recent episodes involving failing banks, such as Banco Santander, Banca Monte dei Paschi di Siena, Piraeus Bank, and Alpha Bank, have raised criticisms...

...Svend E Hougaard Jensen; Dirk Schoenmaker The ‘out’ countries have the option of joining the banking union, and in this article we consider whether Denmark and Sweden should join. The assessment is made from the perspective of a country that is a member of the EU but which has not yet adopted...

... much central supervision, when a superior equilibrium would be achievable. G28 G21 L51 Banking union Bank supervision Financial integration Following the increasing integration of banking systems in the past decades, the boundaries of a bank’s activities can stretch significantly further than...

... for European Banking Union. Banking Union Commission financial services global financial crisis political economy Regulation single market de novo bodies delegation disequilibrium Economic and Monetary Union ever closer union France Germany intergovernmentalism Italy Maastricht Treaty agencies...

... of Banking & Finance , 87, 411–26. Acharya, V. ( 2012 ). “ Banking Union in Europe and Other Reforms, ” in T. Beck (ed.), Banking Union for Europe: Risks and Challenges (London: Centre for Economic Policy Research), 43–52. Acharya, V. , Eisert, T...

..., but the building of consensus over the reform of the Eurozone's architecture proved elusive. banking sector EMU Economic and Monetary Union euro banking union crisis ECB European Central Bank European Commission European integration reforms USA Bundesbank Europe 2020 programme fiscal discipline Italy...

... Mechanism (ESM), the Fiscal Compact, the Two-pack and the Banking Union). Then, it reconstructs the Ordoliberal debate about the Euro crisis and its influence in German politics. After that, it analyses the extent to which the European reforms reflect Ordoliberal principles. The chapter concludes by arguing...

...Kern Alexander, The ECB’s Role in the European Banking Union In: The New European Central Bank. Edited by: Thomas Beukers, Diane Fromage, and Giorgio Monti, Oxford University Press. © Thomas Beukers, Diane Fromage, and Giorgio Monti 2022. DOI: 10.1093/oso...

... domestic bank activity; (3) foreign domination in finance limited catching up in the global economy, but in fact few states showed the capacity to exploit domestic banks for national goals; and (4) centralized bank governance through European Banking Union weakened bank–state ties in Europe, and elevated...

...Until mid-2012, Europe’s leaders did not consider fundamental changes to the euro policy system aside from creating crisis-management instruments. On June 29, 2012, they changed course and launched a major new integration project with the plan to create a banking union for the euro area. The root...

... securities market programme SMP banking union banking crisis European Systemic Risk Board ESRB Single Supervisory Mechanism SSM European System of Financial Supervision ESFS fiscal union European Debt Agency EDA political union Trichet Jean Claude growth crisis sovereign debt optimum currency area...

...This chapter analyses the Banking Union’s institutional and legal structure and considers the future challenges and institutional and legal gaps that remain for it to promote a more stable European banking sector. In doing so, the chapter discusses how the ECB’s role as a bank supervisor...

... for Banking Union, elaborating its implications for the EU and international financial regulation. Over the past year or so, the most important development in EU economic governance is the proposal for the establishment of Banking Union with a view to stabilizing the national banking systems exposed...

... public debt Stability and Growth Pact SGP surveillance Banking Union proposal banks Blanchard Olivier deficits direct recapitalization ‘doom loop’ European Commission EC Fayolle Ambroise feedback loops financial sector fragility fiscal consolidation fiscal sustainability Global Financial...

... and Markets Authority ESMA financial stability Lamfalussy procedure Andrews Philip Dupriez Léon H Hicks John Tobin James Triffin Robert European banking union Fourastié Jean Kaiser Wolfram Banque de Bruxelles Lamfalussy’s career at Christian Democratic movement Nouvelles équipes internationales...

...; to European banking union and fiscal union; and to the problems of technocracy, democratic deficit, and political legitimacy in EMU governance structures. The chapter identifies the problems in assessing the significance of an architect. It closes by reflecting on their value within later debates about...

... to the euro area crisis. Accordingly, the EU has undertaken, and is still in the process of undertaking, important reforms aimed at the creation of a stronger financial framework, and a so-called banking union for the euro area. Competence Banking union Budgetary surveillance European Central Bank German...

...This chapter outlines the scope and key arguments of the book. It further set outs the analytical framework that will inform the discussion on the accountability arrangements in the area of Economic and Monetary Union, including the Banking Union. European System of Central Banks ESCB...

... reforms; establishing a Euro area stabilization function; completing the Banking Union and making progress towards a Capital Markets Union; and strengthening the role of EU financial watchdogs. This chapter further puts forward a number of concrete proposals on how to bolster transparency...