Abstract
This chapter provides a synthetic overview of the basic motivations behind the European banking union, and of the state of play in the implementation of this ambitious project. The three pillars of the project are the Single Supervisory Mechanism (SSM), the Single Resolution Mechanism (SRM), and the European Deposit Guarantee Scheme (EDGS). Despite the relevant progress made, the implementation of the project is still halfway. The motivation for this book is twofold: (1) describe the new institutional framework and assess its implications for the banking system and (2) provide a critical view of the state of play of the banking union. The Introduction sketches the outline of the book.
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- 1.
This statement is taken from “Towards a Genuine Economic and Monetary Union,” a report by the President of the European Council, June 2012. This report was presented at the June 2012 European Council.
- 2.
Conclusions of the June 2013 European Council.
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Baglioni, A. (2016). Introduction. In: The European Banking Union. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-56314-9_1
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DOI: https://doi.org/10.1057/978-1-137-56314-9_1
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Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-137-56313-2
Online ISBN: 978-1-137-56314-9
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