Introduction to the special issue: the persistent challenges to European Banking Union

ABSTRACT The papers of this special issue investigate the persistent challenges to European Banking Union and explore the tensions between broader financial stability objectives and national political and socio-economic pressures through a diversity of lenses. In this introduction, we examine two main issues that need to be addressed in order to strengthen Banking Union: the incomplete institutional design of Banking Union and the difficulties encountered in applying the different elements of Banking Union to loosen sovereign-bank ties. These elements include the so-called ‘single’ rulebook, supervision, resolution, and financial mechanisms to support and resolve banks.

[1]  J. Zeitlin.  Hierarchy, polyarchy, and experimentalism in EU banking regulation: the Single Supervisory Mechanism in action , 2023, Journal of European Integration.

[2]  C. Petit.  Failing or likely to fail: banking union cooperation tested since 2017 , 2023, Journal of European Integration.

[3]  Marta Božina Beroš.  Developing banking union’s common supervisory culture: a look into the ‘black box’ of joint supervisory teams , 2023, Journal of European Integration.

[4]  F. Amtenbrink.  The (potential) contribution of the European Union’s fiscal architecture to financial stability , 2023, Journal of European Integration.

[5]  R. Epstein,et al.  Stalled by design: New paradoxes in the European Union’s single financial market , 2023, Journal of European Integration.

[6]  Shawn Donnelly.  Bank supervision between risk reduction and economic renewal , 2023, Journal of European Integration.

[7]  Anna-Lena Högenauer.  The ECB as a banking supervisor: transparent compared to what? , 2023, Journal of European Integration.

[8]  David N. Howarth,et al.  Moral Hazard, central bankers, and Banking Union: professional dissensus and the politics of European financial system stability , 2023, Journal of European Integration.

[9]  K. Tuori.  Banking Union — a stability-oriented macroeconomic or an efficiency-oriented microeconomic project? , 2022, Journal of European Integration.

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[12]  Eugénia C. Heldt,et al.  The (self-)empowerment of the European Central Bank during the sovereign debt crisis , 2020, Journal of European Integration.

[13]  D. Howarth,et al.  The difficult construction of a European Deposit Insurance Scheme: a step too far in Banking Union? , 2018, The Difficult Construction of European Banking Union.

[14]  Shawn Donnelly.  Advocacy coalitions and the lack of deposit insurance in Banking Union , 2018, The Difficult Construction of European Banking Union.

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[16]  L. Quaglia.  The politics of an ‘incomplete’ Banking Union and its ‘asymmetric’ effects , 2019, Journal of European Integration.

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[19]  Huw Macartney,et al.  EU ring-fencing and the defence of too-big-to-fail banks , 2016, The Politics of Supranational Banking Supervision in Europe.

[20]  F. Schimmelfennig.  A differentiated leap forward: spillover, path-dependency, and graded membership in European banking regulation , 2016, The Politics of Supranational Banking Supervision in Europe.

[21]  Aneta Spendzharova,et al.  Banking union through the back door? How European banking union affects Sweden and the Baltic States , 2016, The Politics of Supranational Banking Supervision in Europe.

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[25]  Marius Skuodis.  Playing the creation of the European banking union: what union for which Member States? , 2018 .

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[27]  R. Epstein.  Banking on Markets: The Transformation of Bank-State Ties in Europe and Beyond , 2017 .

[28]  Waltraud Schelkle.  The Political Economy of Monetary Solidarity: Understanding the Euro Experiment , 2017 .

[29]  D. Howarth,et al.  The Political Economy of European Banking Union , 2016 .

[30]  Aneta Spendzharova.  Regulatory cascading: Limitations of policy design in European banking structural reforms , 2016 .

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[32]  David Schaefer.  A Banking Union of Ideas? The Impact of Ordoliberalism and the Vicious Circle on the EU Banking Union , 2016 .

[33]  Martin Rhodes,et al.  International in Life, National in Death? , 2016 .

[34]  D. Howarth,et al.  Supranational Banking Supervision in Europe: The Construction of a Credible Watchdog , 2015 .

[35]  Christopher Gandrud,et al.  Does Banking Union Worsen the EU's Democratic Deficit? The Need for Greater Supervisory Data Transparency , 2015 .

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