This paper assesses the progress made towards the creation of the European Banking Union (EBU) and the evolution of the banking industry in the European Union since the financial crisis of 2007. We review major regulatory changes pertaining to the three pillars of the EBU and the effects of new...

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