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In response to the recent financial crisis, European policymakers put banking regulation in the Eurozone on top of the agenda. In 2016, as part of the newly created European banking union, a mechanism for resolving troubled banks, the Single Resolution Mechanism (SRM), became fully operational...
Persistent link: https://www.econbiz.de/10011585838
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Proper Corporate Governance and specifically Risk Governance of banks at board level is key for a sound and robust banking sector, which based on the important function of banks as intermediaries is also relevant for the overall economy. According to supranational institutions as well as...
Persistent link: https://www.econbiz.de/10012214129
Das europäische Recht der laufenden Bankaufsicht bezweckt neben dem Systemschutz zunehmend auch den Schutz individualisierbarer Kundengruppen, insbesondere der Einleger, Anleger und Verbraucher. Derzeit werden diese vor allem durch öffentlich-rechtliche Instrumente wie die Bankaufsicht der...
Persistent link: https://www.econbiz.de/10015202075
The financial crisis exposed Europe's inadequacy in developing an effective banking resolution framework that could bring together national authorities and set guidelines for their coordination. The European Commission, through its assessment of state aid cases, managed to avoid single market...
Persistent link: https://www.econbiz.de/10010273715
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...
Persistent link: https://www.econbiz.de/10010293555
Five years after the first tremors in Europe's banking system, what makes the crisis unique is the absence of a democratically accountable decision-making framework; there is an 'executive deficit' that compounds Europe's democratic deficit. The author argues that the only way to resolve the...
Persistent link: https://www.econbiz.de/10010293574
Irrespective of the euro crisis, a European banking union makes sense, including for non-euro area countries, because of the extent of European Union financial integration.The Single Supervisory Mechanism (SSM) is the first element of the banking union. From the point of view of non-euro...
Persistent link: https://www.econbiz.de/10010293581