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The lack of a European Deposit Insurance Scheme (EDIS) - often referred to as the "third pillar" of Banking Union - has been criticized since the inception of the EU Banking Union. The Crisis Management and Deposit Insurance (CMDI) framework needs to rely heavily on banks' internal loss...
Persistent link: https://www.econbiz.de/10014528088
The lack of a European Deposit Insurance Scheme (EDIS) - often referred to as the 'third pillar' of Banking Union - has been criticized since the inception of the EU Banking Union. The Crisis Management and Deposit Insurance (CMDI) framework needs to rely heavily on banks' internal loss...
Persistent link: https://www.econbiz.de/10014528573
The process of agencification does not constitute per se an innovation within the EU legal order. It embodies, in many occasions, the transition from national schemes of administration to more centralised, politically neutral agencies that allow for a higher level of expertise at the Union level...
Persistent link: https://www.econbiz.de/10012918007
Within Banking Union, the Single Resolution Board (Board) was established as an EU agency with extensive decision-making powers both at the preventive phase of resolution planning and the resolution phase, when a resolution scheme needs to be actually applied. Such powers can be directly...
Persistent link: https://www.econbiz.de/10012909142
The establishment of Banking Union and the Single Resolution Mechanism has been arguably a success for the Eurozone. However, the enforcement of the new rules seems to meet significant challenges related to legacy problems that could make bank resolution economically and politically unfavourable...
Persistent link: https://www.econbiz.de/10012891390
EU's response to the recent Euro-crisis has involved a mixture of EU and international law, with the latter being linked to all the arrangements that may have fiscal implications for national Member States. The SRF embodies all the controversial characteristics of Banking Union. This article...
Persistent link: https://www.econbiz.de/10012930477