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Some Considerations Regarding the European Banking Union

Author

Listed:
  • Marius Eugen Radu

Abstract

Union Bank is a surveillance system and an EU bank resolution, which operates on the basis of EU wide rules. It aims to ensure that the banking sector in the euro area and the EU in general is safe and reliable and viable banks benefiting from resolution without recourse to taxpayer funds and with minimal impact on the real economy. Banking union members are all euro-zone countries and EU Member States that have chosen to participate. All countries will adopt the euro in the future will automatically become members of the banking union. Countries that are not part of the euro area can join by establishing a close cooperation agreement.

Suggested Citation

  • Marius Eugen Radu, 2016. "Some Considerations Regarding the European Banking Union," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 2(3), pages 64-73, September.
    • Handle: RePEc:khe:scajes:v:2:y:2016:i:3:p:64-73
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    More about this item

    Keywords

    Banking supervision; the European Union; single mechanism; bank policy; Member States;
    All these keywords.

    JEL classification:

    • K20 - Law and Economics - - Regulation and Business Law - - - General

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