Why did European policy-makers introduce the Banking Union? Which are its main features? How does it affect banks and their customers? This book tries to answer these questions, by providing a clear description of the building blocks of the banking union, and by discussing the issues that still remain unanswered. .-List of Figures.
.-List of Tables.
.-List of Abbreviations.
.-Introduction.
.-The European banking Union: A Work in Progress.
.-Why this Book?.
.-Plan of the Work.
.-Chapter 1-- Three Reasons for The European Banking Union.
.-Introduction.
.-Reduce the Fiscal Cost of Banking Crises.
.-Break the Two-Way Link Between Bank and Sovereign Risks.
.-Achieve a Uniform Supervisory Standard.
.-Chapter 2-- The Single Supervisory Mechanism.
.-Introduction.
.-The Architecture of the Single Supervisory System.
.-The Supervision of Significant Banks.
.-The Supervision of Less Significant Banks.
.-The SREP Approach.
.-Macro-Prudential Supervision.
.-Concluding Remarks.
.-Chapter 3-- The Comprehensive Assessment.
.-Introduction.^.-Asset Quality Review.
.-Stress Test.
.-Capital Shortfalls and Remedial Actions.
.-A Critical View.
.-Concluding Remarks.
.-Chapter 4-- The Single Resolution Mechanism.
.-Introduction.
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