Not in Kansas Anymore: The European Banking Union

Abstract

V razpravi so prikazani glavni, zlasti ustavnopravni in institucionalni problemi Evropske bančne unije (EBU), in sicer njenih vseh treh stebrov, tj. enotnega sistema nadzora, enotnega mehanizma za reševanje in enotnega pravilnika (skupaj materialnih pravil). Ker je bila nedavna finančna kriza poglavitni vzrok za nastanek EBU, so bile številne rešitve sprejete ad hoc in pogosto plod političnih kompromisov. Vse to se kaže v vprašljivih pravnih podlagah za sprejem ukrepov, izjemni zapletenosti EBU in dejanski učinkovitosti, hkrati pa kliče po poenostavitvah in sprejemu trajnejših rešitev.

Alternate abstract:

This discussion focuses on central problems of the European banking union (EBU), particularly from the constitutional and institutional aspects. It deals with all three of the pillars-the Single Supervisory Mechanism, the Single Resolution Mechanism and the Single Rulebook (a set of substantive rules). The main reason for the creation of the EBU was the recent financial crisis, which resulted in many impromptu solutions and political compromises. Hence, the EBU has problems with appropriate legal bases, extreme complexity, what in return calls for simplification and adoption of more permanent solutions.