The European Banking Union [electronic resource] : Supervision and Resolution /
Boccuzzi, Giuseppe.author.
The 2008 financial crisis all but brought down the financial system and real economies of industrial countries. The Banking Union took a broad approach to resolve the structural fragmentation and distortions in the European banking system which were major obstacles to a working single market for financial services. This book examines the numerous changes happening to European legislations for the prevention and management of banking crises. What emerges is a changing picture of regulations and institutions, of goals, tools and opinions, public and private, European and national all involved in the task. The book focuses on the new framework for banking crisis management, starting from the foundations of banking regulation and supervision. It explores the institutional architecture of banking supervision and crisis management, the powers of the authorities, the tools for administrative actions, the complexities of business and bankruptcy laws, individual rights and their legal guarantees.
Description based upon print version of record.
Cover ; Title; Contents; List of Figures; Preface; Prologue; Introduction                   ; Some preliminary observations on the new legal framework                                                               ; 1 The Financial Crisis and the Banking Union Project                                                           ; 1 The weakness of the institutional framework for managing banking crises before the financial crisis
2 The first timid (and difficult) attempts to regulate banking insolvency                                                                                3 The answer to the financial crisis: the Banking Union project                                                                      ; 2 The First Pillar of the Banking Union: The Single Supervisory Mechanism                                                                                ; 1 The evolution of banking supervision at the European level
1.1 The first phase: the reform of regulation procedures (the Lamfalussy system) and the logic of co-operation and coordination in banking supervision                                                                                                                                                             1.2 The second phase: strengthening international co-operation and the creation of European supervisory bodies (De Larosière project)
1.3 The point of arrival: the centralisation of supervisory functions (the Single Supervisory Mechanism)                                                                                                               2 The Single Supervisory Mechanism: the legal and institutional profiles                                                                               ; 2.1 The division of responsibilities between the ECB and national supervisory authorities
2.2 The potential conflict of interest between supervisory and monetary policy functions: the independence and separation principles                                                                                                                                           2.3 Relations with the EBA                                 ; 2.4 The organisation of shared supervision                                                 ; 2.5 The preparatory stage of the SSM
2.6 The role of the ECB in banking crisis management
Includes bibliographical references.
The 2008 financial crisis all but brought down the financial system and real economies of industrial countries. The Banking Union took a broad approach to resolve the structural fragmentation and distortions in the European banking system which were major obstacles to a working single market for financial services. This book examines the numerous changes happening to European legislations for the prevention and management of banking crises. What emerges is a changing picture of regulations and institutions, of goals, tools and opinions, public and private, European and national all involved in the task. The book focuses on the new framework for banking crisis management, starting from the foundations of banking regulation and supervision. It explores the institutional architecture of banking supervision and crisis management, the powers of the authorities, the tools for administrative actions, the complexities of business and bankruptcy laws, individual rights and their legal guarantees.
Banks and banking.
Commercial law.
Supervision.
Counseling.
Economics.
Management science.
Banking.
Commercial Law.
Consulting,  Supervision and Coaching.
Economics, general.