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A contribution from the Chair and Vice-Chairs of the Advisory Scientific Committee to the discussion on the European Commission's banking union proposals

Author

Listed:
  • André Sapir
  • Martin Hellwig
  • Marco Pagano

Abstract

A European banking union is necessary to ensure the stability of the European financial system. This paper assesses the EU Commission's proposals for legislation to create a banking union in Europe. The EU Commission's proposal for a regulation creating a single supervisory mechanism is strongly supported. At the same time, a European resolution authority is essential for the credibility of the single supervisory mechanism. JEL Classification: G28

Suggested Citation

  • André Sapir & Martin Hellwig & Marco Pagano, 2012. "A contribution from the Chair and Vice-Chairs of the Advisory Scientific Committee to the discussion on the European Commission's banking union proposals," Report of the Advisory Scientific Committee 2, European Systemic Risk Board.
  • Handle: RePEc:srk:srkasc:20122
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    File URL: https://www.esrb.europa.eu/pub/pdf/asc/Reports_ASC_2_1210.pdf
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    More about this item

    Keywords

    bank regulation; market integration;

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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