Financial regulation

Banking union in nine questions

Prepared for the Interparliamentary conference organized by the Italian Presidency of the European Council in Rome.

Europe's half a banking union

Even with all the risks in mind, we are convinced that in terms of financial stability and beyond, the half a banking union that has been undertaken w

Asset-backed securities: The key to unlocking Europe's credit markets?

Direct European Central Bank intervention in the market for asset-backed securities (ABS) has the potential to become, under certain conditions, a mec

Three questions on the Banco Espírito Santo case for banking union

As shares were suspended in Portugal's third largest bank, Banco Espírito Santo last week, sovereign spreads in the euro area increased and bank stock

Europe between financial repression and regulatory capture

Fact of the week: A spam newsletter caused a bank run in Bulgaria

It’s been a tense week in Bulgaria. Two bank runs occurred last week, with depositors withdrawing the equivalent of 10% and 20% of the assets held by&

Euro crisis turning point: Two years of Banking Union

The anniversary of Europe’s banking union is worth celebrating. Two years ago, and for lack of alternative options, Europe’s leaders avoided their usu

Who's paying for bank bailouts?

The European Parliament improves banking union

After a round of negotiation which lasted a full 16 hours, the Parliament and the Council reached a provisional agreement on the proposed Single Resol

European Banking Union: Current Outlook and Short-Term Choices

Presented to the Portuguese parliament.

Banking Union and Beyond: Discussion papers for Brussels Think Tank Dialogue

The economic session of the BTTD 2014 will review the progress on banking union so far and ask what else is missing in the EMU architecture to complem

Supervisory transparency in the European banking union

Current and planned European Union requirements on bank transparency are either insufficient or could be easily sidestepped by supervisors. A banking

Reshaping Europe’s financial system

With the upcoming Asset Quality Review (AQR) by the European Central Bank, Europe has a chance to fundamentally reshape its financial system to make i

A realistic bridge towards European banking union

New obstacles to the European banking union have emerged over the last year, but a successful transition remains both necessary and possible. The key

Bank versus non-bank credit in the United States, Europe and China

In the wake of recent crisis developments in the US and Europe, non-bank credit channels have often been portrayed as 'shadow banking' and have been c

Banking crisis, financial stability and State aid: The experience so far

Vice-President of European Commission, Joaquín Almunia, delivered this speech at Bruegel's event 'Banking crises, financial stability and state a