The European Banking Union - Supervision and Resolution

The 2008 financial crisis had a dramatic effect on the European financial system and real economies of many European countries. In response, the Banking Union took a broad approach to resolve the structural fragmentation and distortions in the European banking system, which had been a major obstacle to the creation of a single market for financial services. This book examines the numerous changes to European legislation implemented for the prevention and management of banking crises. It examines the new framework for banking crisis management, the institutional architecture of banking supervision and crisis management, the various powers of different authorities, tools for administrative actions, complexities of business and bankruptcy law, individual rights and legal guarantees. the author provides a backdrop to these events, examining the foundations of banking regulation and supervision, before explaining how national, European, public and private institutions were all involved in the process.