There is an important policy discussion in Denmark and Sweden on joining the banking union. This article reviews the pros and cons of joining. The main rationale for joining the banking union is cross-border banking in the EU internal market. Reviewing the banking systems, we find that Denmark...

An important policy discussion is ongoing in Denmark and Sweden on joining the Euro-pean Union's banking union. Joining would bring pros and cons. A major issue is the supervi-sion and resolution at the national level of large banks with a Scandinavian footprint. It is not evident that Denmark...