The European Banking Union
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Abstract
Centralisation of banking supervision in the hands of the European Central Bank is justified by the provision of art. 127(6) of TFEU, notwithstanding a potential conflict of interest between monetary policy and micro-prudential supervision. Moreover, it entails a number of co-existence problems with other supervisors, and a rather awkward organisation within the ECB.
Keywords
- banking
- ECB
- supervision
