European Banking Union

More than a decade after the Banking Union's establishment and seven years after the second edition, this new edition of European Banking Union reflects on the major legal, institutional, and policy developments that have reshaped the European banking landscape. It assesses the operation of its core pillars, evaluates the lessons learned in practice, and considers the challenges that remain. Fully updated throughout, the volume incorporates the reforms introduced by the Banking Package, including CRR III and CRD VI, and the Crisis Management and Deposit Insurance (CMDI) Package. This leading reference work is organised into four parts. Part I examines the general aspects of the Banking Union, including its economic impact, effectiveness, accountability, judicial protection, and the interaction between hard and soft law. Part II analyses the Single Supervisory Mechanism and the prudential framework, covering the Single Rulebook, banking supervision, corporate governance, and fit and proper assessments. Part III explores the Single Resolution Mechanism and the Bank Recovery and Resolution Directive, focusing on governance, recovery and resolution planning, bail-in, and resolution financing. Part IV addresses the Banking Union's future development, including deposit insurance, the sovereign-bank nexus, structural reform, and financial conglomerates. Bringing together internationally renowned scholars, officials from the European Commission, central banks, and leading practitioners, this thoroughly revised edition is an indispensable resource for academics, judges, regulators, policymakers, practitioners, and postgraduate students interested in European banking law and financial regulation.