European Banking Union
E461711
The European Banking Union is an EU-level framework designed to centralize banking supervision, resolution, and deposit protection to ensure financial stability and reduce risks in the euro area banking sector.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| EU banking union framework | 1 |
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
EU financial governance framework
ⓘ
banking union ⓘ |
| affects |
cross-border banking groups in the EU
ⓘ
national banking supervision authorities ⓘ |
| aimsTo |
break the bank-sovereign nexus
ⓘ
ensure financial stability in the euro area ⓘ harmonize banking supervision ⓘ improve crisis management for banks ⓘ protect depositors ⓘ reduce risks in the banking sector ⓘ |
| appliesTo | euro area ⓘ |
| basedOnPrinciple | single rulebook for banks ⓘ |
| coordinatedBy | European Commission NERFINISHED ⓘ |
| coversEntityType |
less significant credit institutions
ⓘ
significant credit institutions ⓘ |
| depositProtectionPillarName | European Deposit Insurance Scheme NERFINISHED ⓘ |
| geographicalScope | euro area Member States ⓘ |
| hasComponent |
European Deposit Insurance Scheme
NERFINISHED
ⓘ
Single Resolution Mechanism NERFINISHED ⓘ Single Supervisory Mechanism NERFINISHED ⓘ |
| introducedAfter |
European sovereign debt crisis
NERFINISHED
ⓘ
global financial crisis of 2007–2008 ⓘ |
| languageOfOfficialDocuments | all official EU languages ⓘ |
| legalBasis |
EU Treaties
NERFINISHED
ⓘ
secondary EU legislation ⓘ |
| monitoredBy | European Court of Auditors NERFINISHED ⓘ |
| objective |
centralize banking supervision at EU level
ⓘ
create a common bank resolution framework ⓘ move towards common deposit insurance ⓘ |
| openToParticipationBy | non-euro area EU Member States ⓘ |
| partOf | European Union ⓘ |
| policyArea |
banking regulation
ⓘ
crisis management ⓘ deposit insurance ⓘ financial stability ⓘ |
| politicallyOverseenBy | Eurogroup NERFINISHED ⓘ |
| reduces | fragmentation of banking rules in the EU ⓘ |
| relatedTo |
Capital Markets Union
NERFINISHED
ⓘ
Economic and Monetary Union NERFINISHED ⓘ |
| resolutionCarriedOutBy | Single Resolution Board NERFINISHED ⓘ |
| resolutionFrameworkName | Single Resolution Mechanism NERFINISHED ⓘ |
| statusOfEuropeanDepositInsuranceScheme | not fully implemented ⓘ |
| subjectOf | EU legislative negotiations ⓘ |
| supervisionCarriedOutBy | European Central Bank NERFINISHED ⓘ |
| supervisoryFrameworkName | Single Supervisory Mechanism NERFINISHED ⓘ |
| usesInstrument | Single Resolution Fund NERFINISHED ⓘ |
Referenced by (5)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
EU banking union framework
subject surface form:
European Deposit Insurance Scheme
subject surface form:
European Deposit Insurance Scheme