Struktura i funkcjonowanie jednolitego mechanizmu restrukturyzacji i uporządkowanej likwidacji w europejskiej unii bankowej

• Authors: Junevièius Algis , Puidokas Mindaugas

Title variants

EN

The Single Resolution Mechanism of the European Banking Union: its structure and functioning

• Languages of publication: EN

Abstracts

EN

The recent financial crisis showed that the institutions of the European Union (EU) and its member states are poorly prepared for solving current problems of banks, which are experiencing financial difficulties in European markets. In order to be able to further provide services for citizens and companies, member states’ governments had to support banks with public finances and provide guarantees on an unprecedented scale. It did help to avoid a collapse of banks and a disturbance of the economy, but only by putting the burden on taxpayers and thereby causing deterioration in public finances. An agreement about the right course of action in the face of these difficulties experienced by cross-national banks has not been reached either. The major situation changer should be the European Banking Union (EBU), also called the Integrated Financial System, which is in the process of being created. The foundations for it have been laid during Lithuanian presidency of the Council of the EU in the second half of 2013. For Lithuania and all other EU member states, joining the banking union will mean handing over important national state powers to the European Union institutions.

Keywords

EN

European Banking Union; Single Supervisory Mechanism; Single Resolution Mechanism; Single Bank Resolution Fund; Single Resolution Board

• Publisher: Uniwersytet Gdański
• Journal: International Business and Global Economy
• Year: 2014
• Volume: Volume 33
• Pages: 77–88

Dates

online

2015-01-05

Contributors

author

Junevièius Algis

author

Puidokas Mindaugas

Identifiers

DOI

10.4467/23539496IB.13.005.2390