European banking union: prospects and challenges
In: Routledge international studies in money and banking, 85
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In: Routledge international studies in money and banking, 85
In: Bank of Greece Working Paper No. 46
SSRN
In: West European politics, Band 22, Heft 1, S. 68-94
ISSN: 0140-2382
World Affairs Online
This paper discusses the creation of a European Banking Union. First, we discuss questions of design. We highlight seven fundamental choices that decision makers will need to make: Which EU countries should participate in the banking union? To which categories of banks should it apply? Which institution should be tasked with supervision? Which one should deal with resolution? How centralised should the deposit insurance system be? What kind of fiscal backing would be required? What governance framework and political institutions would be needed?
BASE
In: Cahiers BEI, [N.S.], 4,1
World Affairs Online
In: International banking and finance law series, [N.F.], 27
World Affairs Online
In: Palgrave Macmillan studies in banking and financial institutions
In: Palgrave pivot
Bank supervisors should provide publicly accessible, timely and consistent data on the banks under their jurisdiction. Such transparency increases democratic accountability and leads to greater market efficiency. There is greater supervisory transparency in the United States compared to the member states of the European Union. The US supervisors publish data quarterly and update fairly detailed information on bank balance sheets within a week. By contrast, based on an attempt to locate similar data in every EU country, in only 11 member states is this data at least partially available from supervisors, and in no member state is the level of transparency as high as in the US. Current and planned European Union requirements on bank transparency are either insufficient or could be easily sidestepped by supervisors. A banking union in Europe needs to include requirements for greater supervisory transparency.
BASE
In: European company and financial law review: ECFR, Band 12, Heft 2
ISSN: 1613-2556
In: West European politics, Band 22, Heft 1, S. 68-94
ISSN: 1743-9655
In: Australian economic history review: an Asia-Pacific journal of economic, business & social history, Band 46, Heft 1, S. 99-101
ISSN: 1467-8446