Banking Union in a Nutshell

In this essay I have analysed the transformation of the European Banking Union regarding the centralisation of competences with the European Central Bank acting through the Single Supervisory Mechanism as a bank supervisor for euro zone and other participating Member States and with the creation of...

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Bibliographic Details
Main Author: Barna András Péter
Corporate Author: Jog határok nélkül (2017) (Szeged)
Format: Book part
Published: 2018
Series:Szegedi Jogász Doktorandusz Konferenciák 8
Jog határok nélkül 8
Kulcsszavak:Bankügy
Subjects:
Online Access:http://acta.bibl.u-szeged.hu/74976
Description
Summary:In this essay I have analysed the transformation of the European Banking Union regarding the centralisation of competences with the European Central Bank acting through the Single Supervisory Mechanism as a bank supervisor for euro zone and other participating Member States and with the creation of a Single Resolution Mechanism to co-ordinate and oversee bank recovery and resolution. The main goal of the Banking Union was to terminate the connection between banking frailness and indebted sovereigns. Although the SSM and SRM Regulations have been praised as necessary reforms to increase banking supervision and resolution for participating Member States in the Banking Union, they raise important institutional questions regarding the accountability and efficiency of the European Central Bank as a bank supervisor and the SRM’s SRB in coordinating and supervising banks' recovery and settlement.
Physical Description:47-52
ISBN:978-963-306-640-9
ISSN:2063-3807