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