The Evolution of European Banking Law: From the Principle of National Treatment to the European Banking Union
31 Pages Posted: 4 Oct 2015
Date Written: September 22, 2015
Abstract
This paper aims at a brief but systematic overview of the evolution of European banking law, which is one (if not the most important) of the branches of European financial law. It is structured in three sections: (1) Section A provides the definition of European banking law (under 1) and reviews the institutional and regulatory developments during the first three periods of its evolution (under 2-4). (2) Section B deals with the institutional and regulatory developments during the first phase of the fourth (and current) period in the evolution of European banking law, which were responses to the recent (2007-2009) international financial crisis. (3) Finally, Section C presents the institutional and regulatory developments during the second phase of the fourth period in the evolution of European banking law, which took place as a response to the current fiscal crisis in the euro area and led to the establishment of the European Banking Union.
Keywords: European Banking Union, ESFS, SSM, SRF, SRM, ESRB, credit institutions, ECB, micro-prudential supervision, micro- and macro-prudential regulation, macro-prudential oversight, resolution of credit institutions, deposit guarantee schemes
JEL Classification: G21, K23
Suggested Citation: Suggested Citation