European Banking Union
by
Dr. Matthias Bauer, Dr. Markus Demary
Status of implementation and the Need for Improvement
The crisis in the euro area revealed points of weakness in the architecture of the Monetary Union. It appeared that the common monetary policy also required a common system of banking supervision. This report summarises the current proposals and decisions regarding the Banking Union and evaluates the Banking Union’s three pillars – banking supervision, bank resolution and common standards for deposit guarantees – from a regulatory economic perspective.
