Single supervisory mechanism bank as a first step to the banking union Cover Image

Single supervisory mechanism bank as a first step to the banking union
Single supervisory mechanism bank as a first step to the banking union

Author(s): Dalibor Pánek
Subject(s): Evaluation research, Financial Markets
Published by: Masarykova univerzita
Keywords: Regulation and supervision; banking sector; union bank; single supervisory mechanism;
Summary/Abstract: The text focuses on the reasons for the establishment, structure, and issues with banking union in the European Union. Describes the basic element and the first step of implementation, a single supervisory mechanism bank. Includes banking entities under the direct supervision of the European Central Bank and supervision of national supervisors. Contain some problems when creating a banking union and a single bank supervisory mechanism. In final assessment provides selected for successful implementation of the project and its benefits.