Abstract
The paper is a short survey of the main aspects related to the creation of a European
Banking Union, with a focus on the role played by SIFIs – financial institutions
that are too interconnected to fail. The ultimate picture is not very encouraging.
Even assuming that sovereignty-transfer of supervisory tasks will take place by
the end of 2013, three big issues are still unsettled: a) which institution is going to
be the manager of banking crisis? b) when a deposit insurance mechanism inside the
Eurozone will be effective? c) which type of additional regulatory framework will be
defined and implemented with reference to SIFIs?
Translated title of the contribution | [Autom. eng. transl.] Towards the European Banking Union. Institutional Design and Open Problems |
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Original language | Italian |
Pages (from-to) | 313-332 |
Number of pages | 20 |
Journal | BANCA IMPRESA SOCIETÀ |
Volume | XXXI |
DOIs | |
Publication status | Published - 2012 |
Keywords
- banking crises
- crisi bancarie
- crisi sovrane
- disegno istituzionale
- european banking union
- institutional framework
- sovereign crises
- unione bancaria europea