The Impact of the Banking Union on the Non-Euro Area

Abstract

The main objective of this research is to find out whether integration of the non-euro states in the banking union, with its strengths and its weaknesses, is the right solution for those Member States. According to the opinions of many experts, banking union will strengthen the economic integration process. In addition, Member States outside the euro area have doubts about "equal rights and obligations for all Member States" within the banking union. With all the pros and cons of related banking union (the legal right to exit, making decisions, the degree of responsibility of supervisory convergence, coverage), most experts are in favor of joining the union banking by the non-euro area Member States.

Keywords

• banking union
• risks
• integration
• supervision
• regulation
• non-euro area
• the euro area