European Banking Union

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A Banking Union for the Euro Area

A Banking Union for the Euro Area
Author :
Publisher : International Monetary Fund
Total Pages : 31
Release :
ISBN-10 : 9781475569827
ISBN-13 : 1475569823
Rating : 4/5 (823 Downloads)

Book Synopsis A Banking Union for the Euro Area by : Rishi Goyal

Download or read book A Banking Union for the Euro Area written by Rishi Goyal and published by International Monetary Fund. This book was released on 2013-02-12 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: The SDN elaborates the case for, and the design of, a banking union for the euro area. It discusses the benefits and costs of a banking union, presents a steady state view of the banking union, elaborates difficult transition issues, and briefly discusses broader EU issues. As such, it assesses current plans and provides advice. It is accompanied by three background technical notes that analyze in depth the various elements of the banking union: a single supervisory framework; a single resolution and common safety net; and urgent issues related to repair of weak banks in Europe.


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Recent failures and rescues of large banks have resulted in colossal costs to society. In wake of such turmoil a new banking union must enable better supervisio