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The European Banking Union

Author(s): Margarita Delgado

Date published: Feb 2020

SUERF Policy Note, Issue No 132
by Margarita Delgado, Banco de España


JEL-codes: F33, G15, G28.
Keywords: Single Supervisory Mechanism, Banking Union, Capital Markets Union, Financial Union, European Deposit Insurance Scheme, cross-border integration, Ring fencing, consolidation, diversification, regulatory harmonization.

The author refers to the dynamics behind the economic and political integration of the European Union project and reflects on the causes that motivated the launch of the Banking Union 5 years ago. She describes what the Banking Union has meant, so far, in terms of safeguarding the euro and fostering greater integration, but also refers to those elements that, in her opinion, would still be missing to reap the benefits from a truly integrated, cross-border banking sector in the Eurozone. Finally, going beyond the Banking Union, she discusses the need to undertake some additional reforms, such as the so-called ’Capital Market Union’, to achieve a fully-fledged European Financial Union.
 
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SUERF Policy Note, Issue No 132SUERF Policy Note, Issue No 132

The European Banking UnionWeb version: The European Banking Union

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