Editors Contributors
Preface
PART I Introduction to the Banking Union
CHAPTER 1 The Banking Union: A General PerspectiveSteven L. Schwarcz
CHAPTER 2 Banking Union: Risks and Challenges Vasso Ioannidou
PART II Single Rulebook
CHAPTER 3 The EU Single Rulebook: Capital Requirements for Banks and the Maximum Harmonisation Principle
Kern Alexander
CHAPTER 4 The Fight against White-Collar Crime as European Financial Crisis Rescuer: Regulatory Challenges and the Tough on Crime Approach Ester Herlin-Karnell
PART III Common Supervision of European Banks
CHAPTER 5 The Role of the ECB in the Supervision of Credit Institutions Luis M. Hinojosa-Martínez
CHAPTER 6 Variable Geometry: The Role of the European Banking Authority under Banking Union Thomas F. Huertas
CHAPTER 7 Regulatory Coordination in the Banking Union: The Role of National Authorities María J. Nieto
PART IV Bank Recovery and Resolution Programmes
CHAPTER 8 The Establishment of a EU-Wide Framework for the Resolution of Banks and Financial Institutions Hannes Huhtaniemi, Mario Nava & Emiliano Tornese
Annex I: SRM Resolution Process
Annex II: Pace of Mutualization during the Transitional Period of 8 Years Assuming 55 Billion of Target Level
CHAPTER 9 Direct Recapitalization of Banks and Sovereign Debt: The ESM Direct Recapitalization Instrument and Its Impact on Sovereign Debt Justo Corti Varela
PART V Deposit Guarantee Schemes
CHAPTER 10 Deposit Insurance: How to Deal with the Missing Pillar of Banking Union Daniel Gros
Annex I: FDIC: Four-Score Years of Deposit Insurance in the US
PART VI Complementary Aspects
CHAPTER 11 New Rules for Credit Rating Agencies in the EUNathalie Berger, Anke Delava, Philippe Caluwaerts, GalinGentchev & Vygandas Jankunas
CHAPTER 12 EU Banking Union and International Financial Law Manuel Lopez-Escudero
CHAPTER 13 The Future of the Banking Union Miguel Otero-Iglesias & Federico Steinberg
Bibliography
Index