Banking Integration in Europe: on the Road to the Banking Union



Year of publication 2014
Type Article in Proceedings
Conference Proceedings of the 2nd International Conference on European Integration
MU Faculty or unit

Faculty of Economics and Administration

Field Management and administrative
Keywords banking integration; European banking; banking union; financial stability
Description The banking sector is a central driver of financial integration in Europe through cross-border interbank lending and securities market, in which banks are major buyers of securities issued by other banks and governments. At the same time, the integration of retail banking is somewhat limited. The next announced step in the European Union financial integration - the creation of the banking union – would probably have a significant impact on the European banking industry. To provide a complex prognosis on the possible outcome of the decision, we analyze the current state and direction of the banking integration in Europe and summarize what we know from the literature about its effects on financial stability.
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