Not in Kansas Anymore: The European Banking Union
This discussion focuses on central problems of the European banking union (EBU), particularly from the constitutional and institutional aspects. It deals with all three of the pillars—the Single Supervisory Mechanism, the Single Resolution Mechanism and the Single Rulebook...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
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University of Ljubljana, Faculty of Law
2019-12-01
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| Series: | Zbornik Znanstvenih Razprav |
| Subjects: | |
| Online Access: | http://www.pf.uni-lj.si/media/zzr.2019.eu.zagradisnik.pdf |
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| Summary: | This discussion focuses on central problems of the European banking union (EBU), particularly from the constitutional and institutional aspects. It deals with all three of the pillars—the Single Supervisory Mechanism, the Single Resolution Mechanism and the Single Rulebook (a set of substantive rules). The main reason for the creation of the EBU was the recent financial crisis, which resulted in many impromptu solutions and political compromises. Hence, the EBU has problems with appropriate legal bases, extreme complexity, what in return calls for simplification and adoption of more perma-nent solutions. |
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| ISSN: | 1854-3839 |