Conclusion: Where Does the Banking Union Stand and is it Fit for the Future?
(2026) EU Banking Union: Law, Institutions, and Co-operation — ISBN: [9780198949749], 493-504, published
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Bauerschmidt, d'Ambrosio, Fromage, Jaros, Weismann, EU Banking Union, 2026, Conclusion.pdf
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- This chapter offers a multidimensional assessment of the European Banking Union, examining its development across six dimensions: horizontal, substantive, institutional, cooperative, review, and external. It traces the Union’s crisis-driven legal foundations, the expanding use of soft law instruments, and the implications of fundamental rights in bank resolution. Substantively, it addresses the ECB’s hybrid supervisory role, the impasse surrounding the European Deposit Insurance Scheme, and the functioning of the Supervisory Review and Evaluation Process. The institutional analysis considers limits on agency powers under the Meroni doctrine, the financing structure of the Single Resolution Fund (SRF), and the creation of AMLA. Cooperative mechanisms include composite procedures, macroprudential coordination, and forms of close cooperation with non-euro-area states. Review mechanisms, including the SRB Appeal Panel, the ECB’s ABoR, and the European Court of Auditors, cover administrative and political accountability. Externally, the chapter assesses differentiated integration with EEA/EFTA states, Switzerland, and the UK, situating the Banking Union within broader EU financial-governance dynamics.
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Bauerschmidt, J., D’Ambrosio, R., Fromage, D., Jaros, D., & Weismann, P. (2026). Conclusion: Where Does the Banking Union Stand and is it Fit for the Future? In Jonathan Bauerschmidt, Raffaele D’Ambrosio, Diane Fromage, Daniela Jaros, Paul Weismann (ed.), EU Banking Union: Law, Institutions, and Co-operation (pp. 493-504). Oxford University Press. https://doi.org/10.1093/9780198949756.003.0025