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- W3121440392 abstract "Banking union, or the partly completed shift of authority for banking sector policy from the national to the European level, has been the most far-reaching and structural response to the financial crisis since 2007 in the European Union (EU). When first announced by European policymakers in mid-2012, banking union was met with a fair amount of skepticism from independent observers and market participants. It is now taken more seriously, since its first step, the transfer of bank supervisory authority from national prudential bodies in the euro area to the European Central Bank (ECB), was completed on November 4, 2014. However, banking union is still incompletely understood by most observers in Europe and internationally, in large part because of the inherent complexity of the EU institutional environment. This chapter starts with a brief exposition of the genesis and rationale of Europe's banking union. It then describes and assesses its current status, and outlines prospects for its future development." @default.
- W3121440392 created "2021-02-01" @default.
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- W3121440392 date "2015-01-01" @default.
- W3121440392 modified "2023-09-26" @default.
- W3121440392 title "Europe's Banking Union" @default.
- W3121440392 hasPublicationYear "2015" @default.
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