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.

Autorentext

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.

Inhalt
List of Figures..-List of Tables..-List of Abbreviations..-Introduction..-Chapter 1-- Three Reasons for The European Banking Union..-Chapter 2-- The Single Supervisory Mechanism..-Chapter 3-- The Comprehensive Assessment..-Chapter 4-- The Single Resolution Mechanism..-Chapter 5-- The Missing Pillar: A European Deposit Insurance..- Summary and Conclusions..-References..-Index.