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Banking Union: are the EMU design mistakes being repeated? European Policy Brief No. 12, October 2012

Verhelst, Stijn (2012) Banking Union: are the EMU design mistakes being repeated? European Policy Brief No. 12, October 2012. [Policy Paper]

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    Abstract

    This Policy Brief pleads for an unambiguous commitment by eurozone leaders to establishing a Banking Union that is based on all three of its pillars: common supervision, a single bank resolution authority and a joint deposit insurance. There is a clear risk that the EU will agree on common supervision, but subsequently fails to put in place the remaining elements of its Banking Union. By doing so, the EU would make the same mistake as when it designed EMU, namely, creating a system with built-in flaws that risks leading to huge costs and a questioning of the European project as such.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Egmont : Royal Institute for International Affairs > European Policy Briefs
    Depositing User: Unnamed user with email kms214@pitt.edu
    Official EU Document: No
    Language: English
    Date Deposited: 23 Apr 2015 12:56
    Number of Pages: 6
    Last Modified: 23 Apr 2015 12:56
    URI: http://aei.pitt.edu/id/eprint/63533

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