№289. Banking Union with a Sovereign Virus. The self-serving regulatory treatment of sovereign debt in the euro area
№289. Banking Union with a Sovereign Virus. The self-serving regulatory treatment of sovereign debt in the euro area
Author(s): Daniel Gros
Subject(s): Government/Political systems, Political economy, Financial Markets, Public Finances
Published by: CEPS Centre for European Policy Studies
Keywords: Banking Union; Sovereign virus; Self-serving regulation; sovereign debt; Euro area;
Summary/Abstract: The purpose of the purposed banking union is to de-link banks from their sovereigns. The 'Single Supervisory Mechanism' (SSM) should correct the tendency of national supervisors to overlook problems at home.
Series: CEPS Policy Briefs
- Page Count: 8
- Publication Year: 2013
- Language: English
- Content File-PDF