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Nicolas Véron, "Europe's Banking Union at Ten: Unfinished Yet Transformative" (Bruegel, 2024)

New Books in Economics

CHAPTER

Challenges and Progress in European Banking Union

This chapter explores the challenges faced by the European Central Bank in relation to fiscal policies, Draghi's impact on banking union progress, the issues with the Bank Recovery and Resolution Directive, a court ruling affecting crisis management, and the ongoing need for banking union reforms. It also delves into Italy's resistance to measures strengthening the union, its influence on hindering proper regulations, and the challenges surrounding negotiations on deposit insurance and sovereign exposure treatment.

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