European Banking Union / Edition 2

by Danny Busch, Guido Ferrarini

Overview

Part of the Oxford EU Financial Regulation Series, this work analyses the implications of the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM) for banks in Europe, and the second edition reflects the experience in practice of this regime both economically and legally.

The new edition provides reflection on the efficacy and problems with the central banking regulatory regime. There are new chapters on capital adequacy, fit and proper testing under the SSM, and deposit guarantee schemes. A further additional chapter considers the impact of the Bank Resolution and Recovery Directive (BRRD) and its interaction with the SRM by detailed analysis of relevant case law.

Whist offering insightful updates to existing chapters on the Single Rulebook, CRD IV, the SSM and the SRM, the second edition also includes brand new chapters covering a range of subjects. Unique to the second edition, experienced scholars and practitioners explore The Deposit Guarantee Scheme, fit and proper testing within the SMM, BRRD and SRB in practice.

This book benefits from the contributions of a team of leading scholars and practitioners who present a range of perspectives and methodologies. Case studies and in depth-analysis is presented to highlight topics such as supervised credit institutions, implications for financial market governance, and risk management and compliance. European Banking Union (second edition) is the ultimate companion for academics, legal practitioners, financial supervisors, and policy makers.

Product Details

ISBN-13:	9780198827511
Publisher:	Oxford University Press
Publication date:	03/04/2020
Series:	Oxford EU Financial Regulation
Edition description:	2nd ed.
Pages:	730
Product dimensions:	9.80(w) x 6.90(h) x 1.80(d)

About the Author

Danny Busch, Professor of Financial Law, Radboud University, Nijmegen, and Guido Ferrarini, Professor of Business Law, University of Genoa

Professor Danny Busch holds the Chair for Financial Law at Radboud University, Nijmegen, where he is also the Director of the Institute for Financial Law. He has published extensively, many of those publications written in English, including with OUP. He is a Research Fellow of Harris Manchester College and a Fellow of the Commercial Law Centre, University of Oxford.

Guido Ferrarini is Emeritus Professor of Business Law and Capital Markets Law at the University of Genoa, Department of Law, and Director of the Centre for Law and Finance. He holds a J. D. (University of Genoa, 1972), an LL.M. (Yale Law School, 1978) and a Dr. jur. (h.c., Ghent University, 2009). He is founder and fellow of the European Corporate Governance Institute (ECGI), Brussels.

Table of Contents

I GENERAL ASPECTS1. A Banking Union for a Divided Europe: An Introduction, Danny Busch & Guido Ferrarini2. The Economic Consequences of Europe's Banking Union, Nicolas Veron3. European Banking Union: Imperfect, But in Can Work, Kern AlexanderII SINGLE SUPERVISION AND CRD IV4. The Single Supervisory Mechanism: Institutional Aspects, Eddy Wymeersch5. Supervision of financial conglomerates in the European Banking Union, Michele Siri & Arthur van den Hurk6. The Single Rulebook and the SSM: Should the ECB Have More Say in Prudential Rule-making?, Guido Ferrarini & Fabio Recine7. Between Supervision and Resolution: The ECB and the matter of legacy debt, Emilios Avgouleas8. CRD IV Framework for Bank's Corporate Governance, Peter Mulbert & Alexander Wilhelm9. Fit & Proper Testing within the SSM, Danny Busch & Annick Teubner10. Risk weighting sovereign debt, Giorgio Barba Navaretti, Giacomo Calzolari, Alberto PozzoloIII SINGLE RESOLUTION AND THE BRRD11. Governance of the Single Resolution Mechanism, Danny Busch12. Recovery and Resolution Plans in the Context of the BRRD and the SRM: Some Fundamental Issues, Victor de Seriere13. Bail-in and the Financing of resolution within the SRM Framework, Anna Gardella14. BRRD and SRB in action: the case of the Italian and Spanish banks, Guido Ferrarini & Alberto Musso Piantelli15. The architecture of the BRRD - A UK perspective, Simon Gleeson16. Deposit Guarantee Schemes, Veerle ColaertIV JUDICIAL REVIEW AND REFORM PERSPECTIVES17. Judicial Protection of Supervised Credit Institutions in the European Banking Union, Tomas Arons18. Bank Resolution in Europe: The Unfinished Agenda of Structural Reform, Jeffrey Gordon & Wolf-Georg Ringe

Editorial Reviews

"[T]he handbook in its revised second edition provides a detailed and comprehensive state-of-the-art overview of the institutional, legal and policy implications of the European Banking Union. It includes a tables of cases and of legislation as well as a very detailed index, all of which are extremely practical and helpful for any reader. This second-edition-handbook continues to be a piece of reference and is highly recommended to anybody working, researching or simply being interested in the remarkable development of European integration that is the 'European Banking Union'." — Dr Karl-Philipp Wojcik, EU Law Live

From the Publisher