The European Banking Union

.-List of Figures..-List of Tables..-List of Abbreviations. .-Introduction..-The European banking Union: A Work in Progress..-Why this Book?..-Plan of the Work. .-Chapter 1-- Three Reasons for The European Banking Union..-Introduction..-Reduce the Fiscal Cost of Banking Crises. .-Break the Two-Way Link Between Bank and Sovereign Risks..-Achieve a Uniform Supervisory Standard. .-Chapter 2-- The Single Supervisory Mechanism..-Introduction..-The Architecture of the Single Supervisory System..-The Supervision of Significant Banks..-The Supervision of Less Significant Banks..-The SREP Approach..-Macro-Prudential Supervision..-Concluding Remarks. .-Chapter 3-- The Comprehensive Assessment..-Introduction.^.-Asset Quality Review..-Stress Test..-Capital Shortfalls and Remedial Actions..-A Critical View..-Concluding Remarks. .-Chapter 4-- The Single Resolution Mechanism..-Introduction..-The BRRD: A New Framework for Crisis Management..-The Single Resolution Mechanism..-Concluding Remarks. .-Chapter 5-- The Missing Pillar: A European Deposit Insurance..-Introduction..-The Directive of 2014..-The Way Forward..-Concluding Remarks. .- Summary and Conclusions..-The European Banking Union: Motivations and Building Blocks..-Open Issues. .-References..-Index.

Angelo Baglioni is Professor of Economics at Catholic University of Milan, Italy. He previously worked as an economist in the research department of a major bank. He has carried out extensive research in the fields of banking, finance, and monetary policy. He has written several articles in international journals as well as books.