Completing banking union to support Economic and Monetary Union

Download PDF: Discussion Paper 7

Authors: 

• Paolo Fioretti
• Olga Francova
• Mike Hesketh †
• Nicoletta Mascher
• Rolf Strauch
• Flore Vancompernolle 

 (all European Stability Mechanism)

Abstract:
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.

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.
 

Disclaimer: The views expressed in this discussion paper are those of the authors and do not necessarily represent those of the ESM or ESM policy. No responsibility or liability is accepted by the ESM in relation to the accuracy or completeness of the information, including any data sets, presented in this paper.

Source: European Stability Mechanism | Discussion Paper Series | Volume 2019 | No 7 | October 2019 | 53 Pages

Copyright © European Stability Mechanism, 2019 | All rights reserved. Any reproduction, publication and reprint in the form of a different publication, whether printed or produced electronically, in whole or in part, is permitted only with the explicit written authorisation of the European Stability Mechanism.