ITIF-欧洲十大银行联盟：尚未完成但具有变革性（英）-2024.6-82页

WORKINGPAPER24-15Europe’sBankingUnionatTenUnfinishedyetTransformativeNicolasVéronJune2024ABSTRACTNicolasVéronisseniorEurope’sbankingunion,theprojecttopoolresponsibilityforprudentialpolicyfellowatthePetersonattheEuropeanUnionlevel,becamearealityin2014withtheempowermentInstituteforInternationaloftheEuropeanCentralBank(ECB)asbankingsupervisor.Tenyearson,theEconomicsandtheprojectremainsunfinished,asEuropeancountriescanstillleveragetheirdomesticBrussels-basedthinkbankingsectorstoservetheirspecialinterests,andtheinterventionframeworkfortankBruegel.bankingcrisescontinuestobeanawkwardmixofnationalandEUauthoritiesandinstruments.Buttheachievementsofeventhisincompletebankingunionhavebeenimpressive.ThedecisiononECBbankingsupervision,madeinmid-2012,wascrucialfortheeventualresolutionoftheeuroareacrisis.Thesubsequentdecadeofsupervisorypracticeappearstohavebeensuccessful,meetingitsobjectivesofbankingsystemsafetyandsoundness.Still,Europepaysahighpriceforitsreluctancetofinishthework.Thispaperoffersacomprehensiveexplorationofthegenesis,implementation,andpossiblefuturecompletionofthismajorpolicyendeavor.JELcodes:G28,N24Keywords:Bankingunion,EuropeanUnion,EuropeanCentralBank,Euroarea1750MassachusettsAvenue,NWWashington,DC20036-1903USA+1.202.328.9000www.piie.com1.IntroductionThebankingunionistheEuropeanUnion’sprojecttointegra...