Banking Union in Nine Questions
08/10/2014Written statement prepared by Nicolas Véron, Senior Fellow at
Bruegel (Brussels) and Visiting Fellow at the Peterson Institute
for International Economics (Washington DC) for the
Interparliamentary Conference under Article 13 of the Fiscal
Compact
Palazzo Montecitorio (Rome), 30 September 2014
This statement is prepared as a contribution to the conference’s third session, “Completing the Banking Union and Financing the Real Economy”. Its aim is to help form a collectively shared assessment of the EU’s banking union project, its implementation so far, its possible future impact, and further policy initiatives that may be considered to complete or complement it. To facilitate reading, it is structured in questions & answers, with three questions on each of banking union’s past, present, and future. Given the statement’s focus, the topical issues of EU bank structure reform and capital markets union are covered only superficially and primarily in their relationship with banking union, under question 9. The other issue on the session’s agenda, microcredit, is not covered in this statement.
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This statement is prepared as a contribution to the conference’s third session, “Completing the Banking Union and Financing the Real Economy”. Its aim is to help form a collectively shared assessment of the EU’s banking union project, its implementation so far, its possible future impact, and further policy initiatives that may be considered to complete or complement it. To facilitate reading, it is structured in questions & answers, with three questions on each of banking union’s past, present, and future. Given the statement’s focus, the topical issues of EU bank structure reform and capital markets union are covered only superficially and primarily in their relationship with banking union, under question 9. The other issue on the session’s agenda, microcredit, is not covered in this statement.
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