Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109730
Authors: 
Binder, Jens-Hinrich
Year of Publication: 
2015
Series/Report no.: 
SAFE Working Paper Series 96
Abstract: 
The creation of the Banking Union is likely to come with substantial implications for the governance of Eurozone banks. The European Central Bank, in its capacity as supervisory authority for systemically important banks, as well as the Single Resolution Board, under the EU Regulations establishing the Single Supervisory Mechanism and the Single Resolution Mechanism, have been provided with a broad mandate and corresponding powers that allow for far-reaching interference with the relevant institutions' organisational and business decisions. Starting with an overview of the relevant powers, the present paper explores how these could - and should - be exercised against the backdrop of the fundamental policy objectives of the Banking Union. The relevant aspects directly relate to a fundamental question associated with the reallocation of the supervisory landscape, namely: Will the centralisation of supervisory powers, over time, also lead to the streamlining of business models, corporate and group structures of banks across the Eurozone?
Subjects: 
Banking Union
Single Supervisory Mechanism
Single Resolution Mechanism
Banking Regulation
Bank Corporate Governance
JEL: 
G15
G21
G28
K22
K23
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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