This discussion paper depicts recent developments in the euro area banking system and sheds light on institutional and economic obstacles to further integration. Based on those facts, the paper proposes a way forward for further integration and completion of banking union, considering the implication of reforms to foster a safer, more profitable and integrated euro area banking industry.
Source:
European Stability Mechanism | Discussion Paper Series | Volume 2019 | No 7 | October 2019 | 53 Pages
Note:
Formatting updates were included on 22 October 2019 in figure 3 on page 13, figure 5 on page 15 and figure 6 on page 16. Also, the last sentence in paragraph 2 on page 11 was deleted.
