THE BANKING UNION – THE SOLUTION TO REDUCE THE EUROPEAN BANKING SYSTEM RISKS?
The banking union has been seen as "a panacea" for solving the system risks of the EU banking system. This paper objectives are to find out if is the banking union, with is strong and week sides, will be right answer to solve the actual issues that EU banking system has as: the fragmenta...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Nicolae Titulescu University
2014-11-01
|
| Series: | Global Economic Observer |
| Subjects: | |
| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/split/vol_2_no_2/geo_2014_vol2_no2_art_006.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849235850659889152 |
|---|---|
| author | ALINA LIGIA DUMITRESCU |
| author_facet | ALINA LIGIA DUMITRESCU |
| author_sort | ALINA LIGIA DUMITRESCU |
| collection | DOAJ |
| description | The banking union has been seen as "a panacea" for solving the system risks of the EU banking
system. This paper objectives are to find out if is the banking union, with is strong and week sides, will be right
answer to solve the actual issues that EU banking system has as: the fragmentation in the EU single market,
the deterioration in asset quality, the need for recapitalization and the quality of banks’ loan portfolios.
According with most of the experts the banking union will strength the process of economic integration. On the
other side, the non-euro area member states are questioning about "equal rights and obligations for all
Member States" inside the banking union. But, with all pros and cons of the banking union, the ECB's making
decisions and tasks can be questioned, although its role of supervisor can not be disputed. The most important
thing is that the banking union breaks the vicious circle between banks and sovereign debts, and ends "to big to
fail" |
| format | Article |
| id | doaj-art-17d781c0b1ce4d9296a1e7e7e9bf6df2 |
| institution | Kabale University |
| issn | 2343-9742 2343-9750 |
| language | English |
| publishDate | 2014-11-01 |
| publisher | Nicolae Titulescu University |
| record_format | Article |
| series | Global Economic Observer |
| spelling | doaj-art-17d781c0b1ce4d9296a1e7e7e9bf6df22025-08-20T04:02:37ZengNicolae Titulescu UniversityGlobal Economic Observer2343-97422343-97502014-11-01224247THE BANKING UNION – THE SOLUTION TO REDUCE THE EUROPEAN BANKING SYSTEM RISKS?ALINA LIGIA DUMITRESCU0Institute for World Economy, Romanian AcademyThe banking union has been seen as "a panacea" for solving the system risks of the EU banking system. This paper objectives are to find out if is the banking union, with is strong and week sides, will be right answer to solve the actual issues that EU banking system has as: the fragmentation in the EU single market, the deterioration in asset quality, the need for recapitalization and the quality of banks’ loan portfolios. According with most of the experts the banking union will strength the process of economic integration. On the other side, the non-euro area member states are questioning about "equal rights and obligations for all Member States" inside the banking union. But, with all pros and cons of the banking union, the ECB's making decisions and tasks can be questioned, although its role of supervisor can not be disputed. The most important thing is that the banking union breaks the vicious circle between banks and sovereign debts, and ends "to big to fail"http://www.globeco.ro/wp-content/uploads/vol/split/vol_2_no_2/geo_2014_vol2_no2_art_006.pdfBanking unionrisksintegrationsupervisionregulationsinstitutions |
| spellingShingle | ALINA LIGIA DUMITRESCU THE BANKING UNION – THE SOLUTION TO REDUCE THE EUROPEAN BANKING SYSTEM RISKS? Global Economic Observer Banking union risks integration supervision regulations institutions |
| title | THE BANKING UNION – THE SOLUTION TO REDUCE THE EUROPEAN BANKING SYSTEM RISKS? |
| title_full | THE BANKING UNION – THE SOLUTION TO REDUCE THE EUROPEAN BANKING SYSTEM RISKS? |
| title_fullStr | THE BANKING UNION – THE SOLUTION TO REDUCE THE EUROPEAN BANKING SYSTEM RISKS? |
| title_full_unstemmed | THE BANKING UNION – THE SOLUTION TO REDUCE THE EUROPEAN BANKING SYSTEM RISKS? |
| title_short | THE BANKING UNION – THE SOLUTION TO REDUCE THE EUROPEAN BANKING SYSTEM RISKS? |
| title_sort | banking union the solution to reduce the european banking system risks |
| topic | Banking union risks integration supervision regulations institutions |
| url | http://www.globeco.ro/wp-content/uploads/vol/split/vol_2_no_2/geo_2014_vol2_no2_art_006.pdf |
| work_keys_str_mv | AT alinaligiadumitrescu thebankingunionthesolutiontoreducetheeuropeanbankingsystemrisks AT alinaligiadumitrescu bankingunionthesolutiontoreducetheeuropeanbankingsystemrisks |