The need for common rules of law for banking activity and credit institutions is fully justified in the present time. Without specific regulation on full banking union, the banks act in their operation accordingly to national rule of law, widening the differences among internal banking systems....

The paper analyzes recent EU actions in order to develop banking regulation towards having a real and operational banking union. The role and the present policy of the ECB is also addressed. EU banking priorities are presented, emphasizing the transformation imposed by the global financial...