Banking Union's impact on financial stability - holistic approach:
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Bibliographische Detailangaben
1. Verfasser: Zielińska-Lont, Klaudia (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Łódź [Poland] Wydawnictwo Uniwersytetu Łódzkiego 2021
Schlagworte:
Online-Zugang:BSB01
Beschreibung:Financial market integration inside the European Union was a process that, at both regulatory and political level, was far behind the actual internationalization of European credit institutions. As a consequence, oversight over the activities of these institutions was both inefficient and distortive to market-based competition, as regulatory requirements imposed on banks in each country were different. The economic breakdown brought about by the financial crisis of 2008 has uncovered the deficiencies of the structures that were due to safeguard financial stability of the EU and at the same time have provided the necessary impulse to further integrate. A major step forward has been taken through agreeing on the project of a banking union, which, among others, envisaged centralizing the regulatory oversight over Europe's largest credit institutions under the auspice of the European Central Bank.There have been many speculations about the impact that the banking union could have on financial stability on one hand and the condition and competitiveness of the credit institutions on the other. The aim of this monograph is to assess the net impact of the integration of supervisory tasks under the first pillar of the banking union on the largest credit institutions, considering their profitability, liquidity and risk exposure. To achieve this goal, a dedicated synthetic measure has been constructed that enabled quantifying the net impact on banks performance and allowed verifying how well the supervised banks have managed to adapt to the new regulatory environment. The presented research method facilitates a useful tool for tracking the changes to the relative performance of banks and hence can be a useful early warning tool when it comes to monitoring financial stability
Beschreibung:1 Online-Ressource (134 Seiten)
ISBN:9788382207453

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