Some Considerations Regarding the European Banking Union Cover Image

Some Considerations Regarding the European Banking Union
Some Considerations Regarding the European Banking Union

Author(s): Marius Eugen Radu
Subject(s): National Economy, Law on Economics, EU-Legislation
Published by: Editura Universitară & ADI Publication
Keywords: Banking supervision; the European Union; single mechanism; bank policy; Member States

Summary/Abstract: Union Bank is a surveillance system and an EU bank resolution, which operates on the basis of EU wide rules. It aims to ensure that the banking sector in the euro area and the EU in general is safe and reliable and viable banks benefiting from resolution without recourse to taxpayer funds and with minimal impact on the real economy. Banking union members are all euro-zone countries and EU Member States that have chosen to participate. All countries will adopt the euro in the future will automatically become members of the banking union. Countries that are not part of the euro area can join by establishing a close cooperation agreement.

  • Issue Year: 2/2016
  • Issue No: 3
  • Page Range: 64-73
  • Page Count: 10
  • Language: English