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Erschienen in:
Introduction: Finance and the Financial Crisis Kapitel lesen Erstes Kapitel lesen

2016 | OriginalPaper | Buchkapitel

Toward Banking Union in Europe: An Interim Assessment

verfasst von : Christian Schmidt

Erschienen in: The Financial Crisis

Verlag: Springer International Publishing

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Abstract

This chapter reviews the main elements of the progress toward a banking union in Europe and addresses some of the challenges on the way forward. It discusses the changing banking landscape and the current fragmentation of European markets. This chapter also reviews the main elements of the anticipated European banking union and analyzes some of the challenges on the way toward an eventual full-fledged banking union.

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Vorheriges Kapitel Alternative Specifications of Bank Lending in France and Germany: Theory, Evidence, and Policy Implications
Nächstes Kapitel A World Without Money Needs No Banks and No Rating
Fußnoten
1
The sequence of financial events that started in the summer of 2007 is a series of crises, from the subprime crisis to the banking and economic to the fiscal or the European debt crisis. As none of these terms is fully satisfactory or has been universally adopted, the paper simply refers to “the crisis.”
 
2
The European Economic Area was established on 1 January 1994 following an agreement between the member states of the European Free Trade Association (EFTA) and the EU. Specifically, it allows Iceland, Liechtenstein, and Norway to participate in the EU internal market without a conventional EU membership. In exchange, they are obliged to adopt all EU legislation related to the single market, except laws on agriculture and fisheries.
 
3
The threshold can be decomposed into Common Equity Tier 1 ratio of 4.5 %, and in addition, the 2.5 % capital conservation buffer. An add-on of 1 % will be requested to take into account the systemic relevance of the banks considered significant under the SSM Regulation.
 
4
Financial Times, European bank bail-in will cost +87 basis points, 25 October 2010.
 
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Metadaten
Titel
Toward Banking Union in Europe: An Interim Assessment
verfasst von
Christian Schmidt
Copyright-Jahr
2016
Buch
The Financial Crisis

Print ISBN: 978-3-319-20587-8

Electronic ISBN: 978-3-319-20588-5

Copyright-Jahr: 2016

DOI
https://doi.org/10.1007/978-3-319-20588-5_4