PREVIOUS EXPERIENCES ON THE ESTABLISHMENT AND DEVELOPMENT OF THE EUROPEAN BANKING UNION

Autor: László Pataki, Zsófia Kenesey
Rok vydání: 2020
Předmět:
Zdroj: 4th EMAN Conference Proceedings (part of EMAN conference collection).
ISSN: 2683-4510
DOI: 10.31410/eman.2020.43
Popis: The De Larosiére report initiating the establishment of the financial system of the European Union was published in the year following the global economic crisis of 2008, on 25 February 2009. Already in June of this year, the European Council accepted a document known as the Single Rulebook, which contains common rules related to the financial sector of the EU, however, the real break-through was achieved with the working paper accepted by the European Committee in December 2012, which initiated the establishment of the institutional system of the banking union. The individual elements of the system constituted by three pillars have been gradually developed, however, it is still not complete. The single banking supervising system started its operation in November 2014, the resolution mechanism in January 2016, however, the single deposit-guarantee system has not yet been established. The purpose of the study is to present the events of the recent 11 years, during which the currently known institutional system of the banking union was established.
Databáze: OpenAIRE