Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
💎 Reveal Undervalued Stocks Hiding in Any Market Get Started
The Challenges Of The Banking Union
www.investing.com/analysis/the-challenges-of-the-banking-union-157927
The Challenges Of The Banking Union
By BNP Paribas (Philippe d'Arvisenet) | Mar 06, 2013 06:09AM ET
The agreement on the need to strengthen Economic and Monetary Union in order to exit the current crisis, made at the June 2012 European Council meeting of Heads of State and Government, was the most decisive step towards European integration since the creation of the euro in 1999. On September 12, 2012, the European Commission presented two legislative proposals, one on the creation of a single supervisory mechanism (SSM) and the other on adapting the regulations setting up the European Banking Authority (EBA). The two proposals were accompanied by a communication providing a roadmap towards banking union. In addition to SSM, the Commission intends to continue working towards a single rulebook (European transposition of Basel Committee recommendations, known as CRD IV) while calling for a common deposit protection system and the integrated management of banking crises.
The ECB , the European Parliament and the European Council published their positions between late November and mid December 2012. On December 13, European finance ministers unanimously agreed on single bank supervision in the eurozone.
Banking union is the link between monetary union and the coordination of budget policies as part of the European fiscal compact 2 that took effect on January 1, 2013. It aims to loosen the ties between banks and states that are a source of vulnerability, largely reinforced by externalities pertaining to the single currency. It is in part founded on the theory of optimal currency areas (part I). Banking union is governed by an overall logic, and its four parts (single supervisory body, single rule book, partially mutualised deposit guarantees and bank resolution) form an inseparable whole (part II). Lastly the scope of banking union lies somewhere between that of the eurozone and the European Union, which will require appropriate governance (part III).
BY Laurent QUIGNON
To Read the Entire Report Please Click on the pdf File Below.
The ECB , the European Parliament and the European Council published their positions between late November and mid December 2012. On December 13, European finance ministers unanimously agreed on single bank supervision in the eurozone.
Banking union is the link between monetary union and the coordination of budget policies as part of the European fiscal compact 2 that took effect on January 1, 2013. It aims to loosen the ties between banks and states that are a source of vulnerability, largely reinforced by externalities pertaining to the single currency. It is in part founded on the theory of optimal currency areas (part I). Banking union is governed by an overall logic, and its four parts (single supervisory body, single rule book, partially mutualised deposit guarantees and bank resolution) form an inseparable whole (part II). Lastly the scope of banking union lies somewhere between that of the eurozone and the European Union, which will require appropriate governance (part III).
BY Laurent QUIGNON
To Read the Entire Report Please Click on the pdf File Below.
Related Articles
Softer but Still Resilient Growth Expected for U.S. Q1 GDP
By James Picerno - Mar 29, 2023
1
Despite warning signs flashing from several indicators, the U.S. economy is expected to report moderate growth in next month’s “advance” GDP report for the first...
Tidal Wave of Overcapacity Signals Downside for Shipping Industry
By Adem Tumerkan - Mar 29, 2023
3
Last week I wrote an article highlighting the sinking global trade volumes and earnings recession that most likely will follow. And while many corporations and sectors will feel an...
Follow the Money, Assess Banking Stress
By Alfonso Peccatiello - Mar 28, 2023
4
In 1992, judge Giovanni Falcone was killed by the Sicilian mafia. Falcone and his colleague Borsellino were at forefront of major investigations that uncovered much of the...
The Challenges Of The Banking Union
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.