Banking Union- Present Stage and its Perspectives
Banking Union is very important for financial stability of EU, for preventing any future crisis, for improving corporate governance in the banking sector, for completing the single market for financial services and for the strengthening of monetary union, for opening the way to fiscal union and to...
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| Format: | Article |
| Language: | English |
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Danubius University
2014-05-01
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| Series: | EIRP Proceedings |
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| Online Access: | http://proceedings.univ-danubius.ro/index.php/eirp/article/view/1511/1411 |
| Summary: | Banking Union is very important for financial stability of EU, for preventing any future crisis, for
improving corporate governance in the banking sector, for completing the single market for financial services
and for the strengthening of monetary union, for opening the way to fiscal union and to political union. There
is not enough theoretical research in the field of banking union, but there are many recent contributions on
behalf of foreign and Romanian experts and analysts, which refer mainly to the three components/pillars of
EU banking union: a Single Supervision Mechanism (SSM), a Single Resolution Mechanism (SRM) and an
harmonized system of deposit guarantee schemes. Some micro studies and surveys carried out by prestigious
institutions, like Deutsche Bank, Brookings Institution, CEPS have been run over and analyzed together with
the positions and opinions of different European officials, and also with the content of EU secondary
legislation. An empirical research was made with the aim to identify all essential aspects relating to EU
banking union, which may concern the academics, researchers and business community. The paper is based
on a previous research study coordinated by author and contains his own conclusions focused on the main
arguments in favour of banking union. |
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| ISSN: | 2067-9211 2069-9344 |