European Banking Union

E461711

The European Banking Union is an EU-level framework designed to centralize banking supervision, resolution, and deposit protection to ensure financial stability and reduce risks in the euro area banking sector.

All labels observed (5)

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf EU financial governance framework
banking union
affects cross-border banking groups in the EU
national banking supervision authorities
aimsTo break the bank-sovereign nexus
ensure financial stability in the euro area
harmonize banking supervision
improve crisis management for banks
protect depositors
reduce risks in the banking sector
appliesTo euro area
basedOnPrinciple single rulebook for banks
coordinatedBy European Commission
coversEntityType less significant credit institutions
significant credit institutions
depositProtectionPillarName European Deposit Insurance Scheme
geographicalScope euro area Member States
hasComponent European Deposit Insurance Scheme
Single Resolution Mechanism
Single Supervisory Mechanism
introducedAfter European sovereign debt crisis
linked to: Eurozone crisis

global financial crisis of 2007–2008
languageOfOfficialDocuments all official EU languages
legalBasis EU Treaties
secondary EU legislation
monitoredBy European Court of Auditors
objective centralize banking supervision at EU level
create a common bank resolution framework
move towards common deposit insurance
openToParticipationBy non-euro area EU Member States
partOf European Union
policyArea banking regulation
crisis management
deposit insurance
financial stability
politicallyOverseenBy Eurogroup
reduces fragmentation of banking rules in the EU
relatedTo Capital Markets Union
Economic and Monetary Union
resolutionCarriedOutBy Single Resolution Board
resolutionFrameworkName Single Resolution Mechanism
statusOfEuropeanDepositInsuranceScheme not fully implemented
subjectOf EU legislative negotiations
supervisionCarriedOutBy European Central Bank
supervisoryFrameworkName Single Supervisory Mechanism
usesInstrument Single Resolution Fund

How these facts were elicited

Referenced by (13)

Full triples — surface form annotated when it differs from this entity's canonical label.

Single Resolution Board partOf European Banking Union
Single Supervisory Mechanism partOf European Banking Union
subject linked to: SSM
Council Regulation (EU) No 1024/2013 partOf EU banking union framework
linked to: European Banking Union
European Deposit Insurance Scheme partOf European Banking Union
European Deposit Insurance Scheme relatedConcept European Banking Union
European Union economics studies Banking Union in the European Union
linked to: European Banking Union
Single Resolution Fund partOf European banking union
linked to: European Banking Union
Single Resolution Board partOf European Banking Union
subject linked to: SRB
Conseil de résolution unique jurisdiction Banking Union
linked to: European Banking Union
Conseil de résolution unique partOf Banking Union
linked to: European Banking Union
Dominique Laboureix memberOf European Banking Union
European System of Financial Supervision relatedTo Banking Union
subject linked to: ESFS
linked to: European Banking Union
Capital Markets Union relatedTo Banking Union
linked to: European Banking Union