Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/193612 
Year of Publication: 
2012
Series/Report no.: 
Reports of the Advisory Scientific Committee No. 2
Publisher: 
European Systemic Risk Board (ESRB), European System of Financial Supervision, Frankfurt a. M.
Abstract: 
A European banking union is necessary to ensure the stability of the European financial system. This paper assesses the EU Commission's proposals for legislation to create a banking union in Europe. The EU Commission's proposal for a regulation creating a single supervisory mechanism is strongly supported. At the same time, a European resolution authority is essential for the credibility of the single supervisory mechanism.
Subjects: 
bank regulation
market integration
JEL: 
G28
Document Type: 
Research Report

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