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Macroprudential aspects of the Banking Union
[Aspectos macroprudenciales de la Unión Bancaria]

Author

Listed:
  • Urbano López Fernández

    (UCAM - Universidad Católica San Antonio de Murcia)

Abstract

The present document addresses the main macroprudential aspects of the Banking Union, that arose as a reply to the European sovereign debt crisis. A er the Great Recession, at international level, a certain consensus was reached regarding the necessity to set out and implement this kind of macroprudential regulation to achieve a robust financial sector. Because of this, from this perspective, each of the fundamental pillars of the Banking Union is analysed, just as its single rulebook, to check if it is in existence and, in this case, if it is su icient. Equally, some financial indicators are studied to check if regulatory changes are reflected in the data, in the full knowledge that the new mechanism has been in place for a short time. Finally, some ideas and proposals are suggested to improve several macroprudential elements of the Banking Union.

Suggested Citation

  • Urbano López Fernández, 2019. "Macroprudential aspects of the Banking Union [Aspectos macroprudenciales de la Unión Bancaria]," Post-Print hal-02867822, HAL.
    • Handle: RePEc:hal:journl:hal-02867822
    DOI: 10.46503/XLXO2871
    Note: View the original document on HAL open archive server: https://hal.science/hal-02867822
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    References listed on IDEAS

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    1. Claudio Borio, 2011. "Implementing the Macroprudential Approach to Financial Regulation and Supervision," Chapters, in: Christopher J. Green & Eric J. Pentecost & Tom Weyman-Jones (ed.), The Financial Crisis and the Regulation of Finance, chapter 7, Edward Elgar Publishing.
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    More about this item

    Keywords

    Financial system; Banking Union; Macroprudential regulation; Regulación macroprudencial; Sistema financiero; Unión Bancaria;
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