POLECAMY
Koszyk
Banking Union’s impact on financial stability – holistic approach
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Prudential supervision of credit institutions in the European Union has for a long time been the responsibility of national bodies, even though this did not match the international character of the activities of many supervised banks. After the establishment of the banking union’s Single Supervisory Mechanism this has changed particularly for systemically important credit institutions, that now fall under the direct, coordinated supervision under the auspice of the European Central Bank.
There was a great deal of speculation around what changes the banking union would bring to the financial sector in Europe, yet the net impact of the Single Supervisory Mechanism on financial stability and competitive position of the supervised credit institutions remains largely unknown. This monograph presents a holistic analysis of the impact that the reform of the EU’s financial safety net had on the banking sector. To make such evaluation possible, a dedicated synthetic indicator was designed to quantify the net impact of harmonized prudential supervision on the stability of credit institutions. The results signal that the establishment of the Single Supervisory Mechanism was a success and that the proposed synthetic indicator can serve as an early warning tool for authorities tasked with safeguarding financial stability.
| Rok wydania | 2021 |
|---|---|
| Liczba stron | 134 |
| Kategoria | Publikacje darmowe |
| Wydawca | Wydawnictwo Uniwersytetu Łódzkiego |
| ISBN-13 | 978-83-8220-745-3 |
| Numer wydania | 1 |
| Język publikacji | angielski |
| Informacja o sprzedawcy | ePWN sp. z o.o. |
Ciekawe propozycje
Spis treści
| List of Acronyms | 9 |
| Introduction | 11 |
| Chapter 1. Financial stability and its safeguards | 15 |
| 1.1. The definition of financial (in)stability in the literature | 16 |
| 1.2. The financial safety net | 19 |
| 1.3. Financial market supervision models | 21 |
| 1.4. Micro- and macro-supervision models | 24 |
| 1.5. Statutory and implied responsibilities of the central bank in terms of ensuring financial stability | 26 |
| 1.5.1. The central bank’s involvement in financial market supervision | 27 |
| 1.5.2. The central bank as a lender of last resort | 30 |
| 1.6. The Basel Committee on Banking Supervision | 31 |
| Summary | 36 |
| Chapter 2. Creating a single EU financial market | 39 |
| 2.1. Early steps towards financial market integration | 40 |
| 2.2. EU regulations harmonising the financial markets until 2008 | 44 |
| 2.3. Early crisis response | 51 |
| 2.4. Long-term solution proposals | 53 |
| 2.5. Legislative changes – as of 2010 | 56 |
| Summary | 60 |
| Chapter 3. The European Banking Union | 63 |
| 3.1. The genesis of the banking union | 64 |
| 3.2. The Single Supervisory Mechanism | 66 |
| 3.3. The Single Resolution Mechanism | 72 |
| 3.4. The European Deposit Insurance Scheme | 79 |
| Summary | 83 |
| Chapter 4. The impact of the banking union on the banking sector | 85 |
| 4.1. Comparing research on the banking sector with the proposed method | 85 |
| 4.2. Characteristics of the indicators selected for the study | 88 |
| 4.2.1. Profitability indicators | 90 |
| 4.2.2. Risk exposure indicators | 92 |
| 4.2.3. Liquidity indicators | 93 |
| 4.3. Constructing the synthetic indicator | 94 |
| 4.4. The construction stages of the synthetic indicator | 97 |
| 4.5. Study results | 104 |
| Summary | 107 |
| Conclusion | 109 |
| References | 111 |
| List of tables | 131 |
| List of figures | 133 |
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