TOWARDS THE EUROPEAN BANKING UNION-Literature review

The financial crisis has made the need for a more integrated regulatory and supervisory framework for the financial services sector evident. An important step towards this aim is the establishment of the Single Supervisory Mechanism. European leaders have committed to moving toward a banking union,...

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Bibliographic Details
Published inSEA - Practical Application of Science Vol. I; no. 1 (1/2013); pp. 221 - 229
Main Authors Dragos G. TURLIUC, Andreea N. POPOVICI
Format Journal Article
LanguageEnglish
Published Romanian Foundation for Business Intelligence 01.06.2013
Subjects
Banking Union
Macro-prudential policies
Monetary union
Single Supervisory Mechanism
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Summary:The financial crisis has made the need for a more integrated regulatory and supervisory framework for the financial services sector evident. An important step towards this aim is the establishment of the Single Supervisory Mechanism. European leaders have committed to moving toward a banking union, in which bank regulation and supervision, deposit guarantees, and the handling of troubled banks will be integrated across at least the euro area and possibly across the wider European Union. This paper provides an overview of research on this topic. We also identify important future research questions that emerge from both the literature and the current debate.
ISSN:2360-2554
2360-2554