Opportunities and risks of the European Banking Union

Bericht

The European Banking Union tries to resolve the trade-off between financial market stability and the taxpayers' burden through bank bailouts. Moreover the Banking Union seeks for reducing the interdependence of banks and sovereigns in the Euro area. The Banking Union represents an important step in achieving those objectives. However, the expectation that it will never take again tax money for bank bailouts is not realistically founded. In particular, European resolution and deposit insurance fund are not sufficiently equipped. Critical for the success of the Union is also the ongoing process of the bank balance auditing (Asset Quality Review). Instead of national backstops, we propose a sector-specific fund, which shall be financed by the whole European banking sector.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IMK Policy Brief ; No. Mai 2014

Classification and Topics

• Classification: Wirtschaft

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Lindner, Fabian ; Soemer, Nicolas ; Theobald, Thomas
• Event: Veröffentlichung
• (who): Hans-Böckler-Stiftung, Institut für Makroökonomie und Konjunkturforschung (IMK)
• (where): Düsseldorf
• (when): 2014

Further information

• Handle: http://hdl.handle.net/10419/107121
• URN: urn:nbn:de:101:1-201411242716
• Last update: 10.03.2025, 11:44 AM CET