Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/232384 
Year of Publication: 
2021
Citation: 
[Journal:] CESifo Forum [ISSN:] 2190-717X [Volume:] 22 [Issue:] 01 [Publisher:] ifo Institut - Leibniz-Institut für Wirtschaftsforschung an der Universität München [Place:] München [Year:] 2021 [Pages:] 37-39
Publisher: 
ifo Institut - Leibniz-Institut für Wirtschaftsforschung an der Universität München, München
Abstract: 
Six years after starting the banking union, the European Union has reiterated its members' commitment to "make further concrete progress on the Banking Union by the end of the year" (Donohoe 2020). EU officials are right not to let Covid-19 derail necessary debates over this objective. But the reinvigorated discussion has become increasingly confused when it comes to dealing with failed banks. There is a danger that the EU could cite experience with the US Federal Deposit Insurance Corporation (FDIC) to make its already fragmented regime even more fragmented. That would be a mistake. A closer look at the FDIC model highlights the value of a unitary process for resolving all deposit-taking banks, no matter how large or small.
Document Type: 
Article

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