Irrespective of the euro crisis, a European banking union makes sense, including for non-euro area countries, because … banking union. From the point of view of non-euro countries, the draft SSM regulation as amended by the EU Council includes … applicability of national macro-prudential measures. Non-euro countries will also have the right to leave the SSM and thereby exempt …

necessary (though not sufficient) condition for eventual crisis resolution that respects the integrity of the euro. The European …'s geographical perimeter; however, the status of non-euro area member states willing to participate in this mechanism, and the …