A roadmap to completing the Banking Union
Completing the Banking Union has been a long term endeavour, on the back of the less successful negotiations on its third leg - the common deposit guarantee scheme. The current crisis caused by the outbreak of COVID-19 will evidently put the current setup of Banking Union to test, but may also create a new impetus and political will for it’s completion. This briefing, based on two earlier EGOV briefings (here and here), (1) sets out the main milestones of such process so far, (2) outlines where work was before the coronavirus outbreak and (3) points to areas where progress is still missing and should continue once the urgency of the current crisis is mitigated. It will be regularly updated on the basis of available public information.
In-Depth Analysis
About this document
Publication type
Policy area
Keyword
- banking supervision
- civil law
- EU banking union
- European construction
- European integration
- European System of Central Banks
- EUROPEAN UNION
- FINANCE
- financial institutions and credit
- financial risk
- financial solvency
- financial stability
- financial supervision
- free movement of capital
- LAW
- monetary economics
- monetary integration
- monetary relations
- money-market liquidity
- single monetary policy