Please use this identifier to cite or link to this item: http://bura.brunel.ac.uk/handle/2438/15702
Title: European Banking Union
Keywords: economic and monetary union;European Union;;financial integration;bank supervision;bank resolution;European deposit guarantee;banking crisis;;financial crisis;
Issue Date: 2017
Citation: The New Palgrave Dictionary of Economics
Abstract: The sovereign crisis that has characterized the Eurozone since 2010 highlighted the potentially vicious circle between banks and sovereigns, adding an extra dimension to the 2007/08 financial crisis. This is why the EU Heads of State and Government committed to a European banking union in June 2012; a vision that was further developed in the European Commission's blueprint. The aim of the banking union is to ensure that financial institutions of the – for now – 19 Member States will be subject to a single supervision, a single resolution, and a common deposit insurance system. This article explains the background to these initiatives and weighs the progress towards their completion.
URI: http://bura.brunel.ac.uk/handle/2438/15702
DOI: https://doi.org/10.1057/978-1-349-95121-5
Appears in Collections:Dept of Economics and Finance Embargoed Research Papers

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