Conference: The New Financial Architecture in the Eurozone - Pierre Werner Chair, Robert Schuman Centre for Advanced Studies, European University Institute
By: kasper roszbach | Riksbank
Andrés Ramírez Gossler, Facundo Schinnea - eCommerce Day Chile 2024
The Banking Union: Single market vs. Eurozone | The New Financial Architecture in the Eurozone
1. The comments in this presentation are personal and do not
necessarily reflect the opinions of the Executive Board of the
Riksbank.
The Banking Union:
Single market vs.
Eurozone
Kasper Roszbach
Workshop on “The New Financial Architecture”
EUI/RSCAS, April 23, 2015
2. Issues
1. Geographical and institutional setting
2. Rationale behind SSM
3. Reasons why countries opted out
4. Implications for non-members and challenges so far
3. Source: Stephan Fahr and Dawid Zochowski, (2015), A framework for analysing and assessing cross-border spillovers from macro-
prudential policies, ECB Financial Stability Review, May 2015 (forthcoming)
4. Challenges
Ensure high standard of supervision & regulation in SSM
Avoid that success of SSM reinforces divide between euro and non-
euro countries
How will cyclicality of credit across countries change as banks
become more European and how effective will the policy tools we
have to address be?
Exploit multilateral cooperation fora
Strengthening the role of the ESRB to maintain a way to assess risks
across the whole EU and all branches of finance; formalize the
cooperation between ESRB and ECB/SSM