№282. Banking Union: A federal model for the European Union with prompt corrective action
№282. Banking Union: A federal model for the European Union with prompt corrective action
Author(s): Stefano Micossi, Carmine Di Noia, Jacopo Carmassi
Subject(s): Economic policy, EU-Accession / EU-DEvelopment, Financial Markets
Published by: CEPS Centre for European Policy Studies
Keywords: Banking Union; European Union; federal model; administration of the insurance fund;
Summary/Abstract: The European Commission has published its proposals for the transfer of supervisory responsibilities to the European Central Bank (ECB), under Article 127(6) of the TFEU, providing a comprehensive and courageous ‘first step’towards a European banking Union, the other steps being European deposit insurance and resolution procedures. However, on a number of issues the Commission’s chosen path raises questions thats hould be brought out in the open and fully recognized before final deliberation by the Council.
Series: CEPS Policy Briefs
- Page Count: 8
- Publication Year: 2012
- Language: English
- Content File-PDF