Video encyclopedia

European Union banking union


What is the banking union?


The ECB Explains: the banking union


The banking union in practice


Banking Union - European Deposit Insurance Scheme


Official: Tough road for EU bank union

The banking union of the European Union is the transfer of responsibility for banking policy from the national to the EU level in several EU member states, initiated in 2012 as a response to the Eurozone crisis. The motivation for banking union was the fragility of numerous banks in the Eurozone, and the identification of vicious circle between credit conditions for these banks and the sovereign credit of their respective home countries. In several countries, private debts arising from a property bubble were transferred to sovereign debt as a result of banking system bailouts and government responses to slowing economies post-bubble. Conversely, weakness in sovereign credit resulted in deterioration of the balance sheet position of the banking sector, not least because of high domestic sovereign exposures of the banks.
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    • Name 

    • Background and formation 

    • Single Rulebook 

    • Single Supervisory Mechanism 

    • Single Resolution Mechanism 

    • European deposit insurance and regulatory treatment of sovereign exposures 

    • Geographical scope and Close Cooperation 

    • Bulgaria 

    • Croatia 

    • Denmark 

    • Sweden