Banking Union in the EU – Essence, Reasons for Establishment, Pillars, Effects and Challenges

Authors

  • Pavel Tabakov, PhD Student Department of International Economic Relations and Business, Faculty of International Economics and Politics, UNWE Author

DOI:

https://doi.org/https://doi.org/10.37075/RP.2023.3.09

Keywords:

Banking, European, Mechanism, Supervisory, Rulebook, Scheme, Union
E58, F33

Abstract

The study examines the origination of the economic integration in Europe and the path towards the establishment of an Economic and Monetary Union. The reasons for the establishment of the Banking Union, its nature and structure are explored through applying the system analysis. The main pillars of the Banking Union, their degree of completion, the bodies responsible for the performance of their main functions and the effects sought from their functioning are presented. The main challenges facing the Banking Union, the priority areas for development and the expected benefits of completing its main elements with a view to achieving a stronger Economic and Monetary Union in Europe are outlined.

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Published

2023-07-26

Issue

No. 3 (2023)

Section

Articles

License

Copyright (c) 2023 Pavel Tabakov (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain copyright to their works.

All publications are distributed under the terms of the Creative Commons Attribution 4.0 International (CC BY 4.0) license.

How to Cite

Tabakov, P. (2023). Banking Union in the EU – Essence, Reasons for Establishment, Pillars, Effects and Challenges. Research Papers, 3, 207-234. https://doi.org/https://doi.org/10.37075/RP.2023.3.09