Why did European policy-makers introduce the Banking Union? Which are its main features? How does it affect banks and their customers? This book tries to answer these questions, by providing a clear description of the building blocks of the Banking Union, and by showing that several issues...

Notes on contributors -- Introduction / Juan Fernssndez de Guevara and José Manuel Pastor -- Financial stability and economic growth / Santiago Carbó Valverde and Luis Pedauga -- Financial crisis and EU banks' performance / Ted Lindblom and Magnus Willesson -- Diversification, diversity and...

Government intervention and finance -- Bank regulation -- Bank concentration and central banks -- Universal banking, governance, and compensation -- Regulation of securities and capital markets -- Regulation and policy in the global recession

This paper proposes an integrated crisis management and resolution framework for the EU's single banking market. It comprises a European Resolution Authority (ERA), armed with the mandate and the tools to deal cost-effectively with failing systemic cross-border banks, and is designed to address...