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The comments in this presentation are personal and do not
necessarily reflect the opinions of the Executive Board of the
R...
Issues
1. Geographical and institutional setting
2. Rationale behind SSM
3. Reasons why countries opted out
4. Implication...
Source: Stephan Fahr and Dawid Zochowski, (2015), A framework for analysing and assessing cross-border spillovers from mac...
Challenges
 Ensure high standard of supervision & regulation in SSM
 Avoid that success of SSM reinforces divide between...
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The Banking Union: Single market vs. Eurozone | The New Financial Architecture in the Eurozone

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Conference: The New Financial Architecture in the Eurozone - Pierre Werner Chair, Robert Schuman Centre for Advanced Studies, European University Institute

By: kasper roszbach | Riksbank

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The Banking Union: Single market vs. Eurozone | The New Financial Architecture in the Eurozone

  1. 1. The comments in this presentation are personal and do not necessarily reflect the opinions of the Executive Board of the Riksbank. The Banking Union: Single market vs. Eurozone Kasper Roszbach Workshop on “The New Financial Architecture” EUI/RSCAS, April 23, 2015
  2. 2. Issues 1. Geographical and institutional setting 2. Rationale behind SSM 3. Reasons why countries opted out 4. Implications for non-members and challenges so far
  3. 3. Source: Stephan Fahr and Dawid Zochowski, (2015), A framework for analysing and assessing cross-border spillovers from macro- prudential policies, ECB Financial Stability Review, May 2015 (forthcoming)
  4. 4. Challenges  Ensure high standard of supervision & regulation in SSM  Avoid that success of SSM reinforces divide between euro and non- euro countries  How will cyclicality of credit across countries change as banks become more European and how effective will the policy tools we have to address be?  Exploit multilateral cooperation fora  Strengthening the role of the ESRB to maintain a way to assess risks across the whole EU and all branches of finance; formalize the cooperation between ESRB and ECB/SSM

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