A Banking Union for the Euro Area

Author/Editor: Rishi Goyal ; Petya Koeva Brooks ; Mahmood Pradhan ; Thierry Tressel ; Giovanni Dell'Ariccia ; Ceyla Pazarbasioglu
Publication Date: February 12, 2013
Electronic Access: Free Full text (PDF file size is 1,726KB).
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Summary: The SDN elaborates the case for, and the design of, a banking union for the euro area. It discusses the benefits and costs of a banking union, presents a steady state view of the banking union, elaborates difficult transition issues, and briefly discusses broader EU issues. As such, it assesses current plans and provides advice. It is accompanied by three background technical notes that analyze in depth the various elements of the banking union: a single supervisory framework; a single resolution and common safety net; and urgent issues related to repair of weak banks in Europe.
Series: Staff Discussion Notes No. 13/1
Subject(s): Banking systems | Europe | Euro Area | Bank supervision | Bank regulations | Bank resolution | Deposit insurance | Financial safety nets | Monetary unions

Notes Technical Notes
Publication Date: February 12, 2013
ISBN/ISSN: 9781475521160 Format: Paper
Stock No: SDNEA2013001 Pages: 31
US$10.00 (Academic Rate:
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