The European Banking Union: A Critical Assessment

ISBN-13: 9781137563132 / Angielski / Twarda / 2016 / 136 str.

Angelo Baglioni

Opis

Why did European policy-makers introduce the Banking Union? Which are its main features? How does it affect banks and their customers? This book tries to answer these questions, by providing a clear description of the building blocks of the banking union, and by discussing the issues that still remain unanswered.

Spis treści

.-List of Figures.

.-List of Tables.

.-List of Abbreviations.

.-Introduction.

.-The European banking Union: A Work in Progress.

.-Why this Book?.

.-Plan of the Work.

.-Chapter 1-- Three Reasons for The European Banking Union.

.-Introduction.

.-Reduce the Fiscal Cost of Banking Crises. 

.-Break the Two-Way Link Between Bank and Sovereign Risks.

.-Achieve a Uniform Supervisory Standard.

.-Chapter 2-- The Single Supervisory Mechanism.

.-Introduction.

.-The Architecture of the Single Supervisory System.

.-The Supervision of Significant Banks.

.-The Supervision of Less Significant Banks.

.-The SREP Approach.

.-Macro-Prudential Supervision.

.-Concluding Remarks.

.-Chapter 3-- The Comprehensive Assessment.

.-Introduction.^.-Asset Quality Review.

.-Stress Test.

.-Capital Shortfalls and Remedial Actions.

.-A Critical View.

.-Concluding Remarks.

.-Chapter 4-- The Single Resolution Mechanism.

.-Introduction.

.-The BRRD: A New Framework for Crisis Management.

.-The Single Resolution Mechanism.

.-Concluding Remarks.

.-Chapter 5-- The Missing Pillar: A European Deposit Insurance.

.-Introduction.

.-The Directive of 2014.

.-The Way Forward.

.-Concluding Remarks.

.- Summary and Conclusions.

.-The European Banking Union: Motivations and Building Blocks.

.-Open Issues.

.-References.

.-Index.

O autorze

Angelo Baglioni is Professor of Economics at Catholic University of Milan, Italy. He previously worked as an economist in the research department of a major bank. He has carried out extensive research in the fields of banking, finance, and monetary policy. He has written several articles in international journals as well as books.

Blurb

Why did European policy-makers introduce the Banking Union? Which are its main features? How does it affect banks and their customers? This book tries to answer these questions, by providing a clear description of the building blocks of the Banking Union, and by showing that several issues remain unanswered. The Banking Union is a major step towards a more integrated Europe, thanks to the centralization of the banking supervision. However, it is far from being completed. 

The author discusses some controversial issues, that still need to be addressed at the policy level, among which are: the cross-country pooling of resources to manage the banking crises, the way to introduce a common deposit insurance scheme, the application of the bail-in rule to the retail bank customers, the methodology to carry out the stress tests on banks, and the attribution of the macro-prudential supervision.