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13 Sep 2013

Banking Union in sight five years on

Karel Lannoo

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On the fifth anniversary of the start of the financial crisis, Karel Lannoo looks at the regulatory steps that have been taken to date, and argues that the EU should apply the same logic of reinforced integration at the federal level that informed the Single Supervisory Mechanism to the bank resolution systems and deposit guarantee schemes.

Karel Lannoo is Chief Executive Officer and Senior Research Fellow at CEPS.