THE BANKING UNION - OPPORTUNITIES OR LIMITATIONS FOR THE FINANCIAL SECTOR
Public debate on the effectiveness of the models of financial market supervision during the 2007-2011 global crisis found its final reforms leading to the creation of a banking union. Among the recurring accusations addressed to the financial supervisory institutions were, for example, their delayed...
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| Format: | Article |
| Language: | English |
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Bielsko-Biała School of Finance and Law
2014-11-01
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| Series: | Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej |
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| Online Access: | https://91.241.33.217/index.php/asej/article/view/497 |
| _version_ | 1797341801142550528 |
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| author | Jacek BINDA |
| author_facet | Jacek BINDA |
| author_sort | Jacek BINDA |
| collection | DOAJ |
| description | Public debate on the effectiveness of the models of financial market supervision during the 2007-2011 global crisis found its final reforms leading to the creation of a banking union. Among the recurring accusations addressed to the financial supervisory institutions were, for example, their delayed reaction to the first signs of danger and not firm and ineffective measures undertaken to combat the crisis. The purpose of this paper is an attempt to present the actions taken by the EU to protect the banking system and the benefits of these changes for both the Euro area countries and other EU members, such as Poland. This paper is based on a review of available literature and own research. The conclusions of the paper indicate, inter alia, the need to reform the system of financial supervision, the need to improve attractiveness of the proposed solution - especially for countries that are not members of the Eurozone. |
| first_indexed | 2024-03-08T10:24:12Z |
| format | Article |
| id | doaj.art-f40fc759cb17414985c8eb735fbc35b4 |
| institution | Directory Open Access Journal |
| issn | 2543-9103 2543-411X |
| language | English |
| last_indexed | 2024-03-08T10:24:12Z |
| publishDate | 2014-11-01 |
| publisher | Bielsko-Biała School of Finance and Law |
| record_format | Article |
| series | Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej |
| spelling | doaj.art-f40fc759cb17414985c8eb735fbc35b42024-01-27T09:02:26ZengBielsko-Biała School of Finance and LawZeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej2543-91032543-411X2014-11-0154THE BANKING UNION - OPPORTUNITIES OR LIMITATIONS FOR THE FINANCIAL SECTORJacek BINDA0Wyższa Szkoła Finansów i Prawa w Bielsku-BiałejPublic debate on the effectiveness of the models of financial market supervision during the 2007-2011 global crisis found its final reforms leading to the creation of a banking union. Among the recurring accusations addressed to the financial supervisory institutions were, for example, their delayed reaction to the first signs of danger and not firm and ineffective measures undertaken to combat the crisis. The purpose of this paper is an attempt to present the actions taken by the EU to protect the banking system and the benefits of these changes for both the Euro area countries and other EU members, such as Poland. This paper is based on a review of available literature and own research. The conclusions of the paper indicate, inter alia, the need to reform the system of financial supervision, the need to improve attractiveness of the proposed solution - especially for countries that are not members of the Eurozone. https://91.241.33.217/index.php/asej/article/view/497banking unionbanking supervisionmacro-prudential supervisionthe financial crisis |
| spellingShingle | Jacek BINDA THE BANKING UNION - OPPORTUNITIES OR LIMITATIONS FOR THE FINANCIAL SECTOR Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej banking union banking supervision macro-prudential supervision the financial crisis |
| title | THE BANKING UNION - OPPORTUNITIES OR LIMITATIONS FOR THE FINANCIAL SECTOR |
| title_full | THE BANKING UNION - OPPORTUNITIES OR LIMITATIONS FOR THE FINANCIAL SECTOR |
| title_fullStr | THE BANKING UNION - OPPORTUNITIES OR LIMITATIONS FOR THE FINANCIAL SECTOR |
| title_full_unstemmed | THE BANKING UNION - OPPORTUNITIES OR LIMITATIONS FOR THE FINANCIAL SECTOR |
| title_short | THE BANKING UNION - OPPORTUNITIES OR LIMITATIONS FOR THE FINANCIAL SECTOR |
| title_sort | banking union opportunities or limitations for the financial sector |
| topic | banking union banking supervision macro-prudential supervision the financial crisis |
| url | https://91.241.33.217/index.php/asej/article/view/497 |
| work_keys_str_mv | AT jacekbinda thebankingunionopportunitiesorlimitationsforthefinancialsector AT jacekbinda bankingunionopportunitiesorlimitationsforthefinancialsector |