H2020Индивидуална стипендия2020–2022

IMPACTEBU · The European Banking Union: its Impact on the EU and its Member States, and on Accountability Standards

„Хоризонт 2020“ — Действия „Мария Склодовска-Кюри“

Период: 2020-09-01 → 2022-08-31
Финансиране от ЕС: 184 708 €
Участници: 1
Схема: MSCA-IF

Линиите свързват координатора с партньорите.

Накратко на български

Европейският банков съюз и влиянието му върху институциите в ЕС и държави като Франция, Германия и Италия се анализират чрез стандартите за отчетност. Това е важно, защото банковите въпроси влияят върху икономиката и благосъстоянието на гражданите в ЕС.

Този кратък обзор е генериран от изкуствен интелект

Кратко обяснение, генерирано от езиков модел по текста на CORDIS. Оригиналът е по-долу.

Резултати накратко

The European Banking Union: its Impact on the EU and its Member States, and on Accountability Standards

This project aimed to examine the consequences of the creation of the European Banking Union (EBU) within the EU. By considering in particular the French, the German and the Italian cases, it sought to determine what its impact has been on institutional balance at the national and the EU levels, and what implications in terms of multilevel governance have become visible. In particular, it asked whether accountability is sufficiently guaranteed and whether any gap has emerged. This project provided a three-dimensional analysis of the new supervisory and regulatory framework in place, and of the accountability standards it is subject to: 1. The EU institutional dimension, which studied the impact of the introduction of the EBU on the EU institutions/bodies, and especially the ECB, and what this change involved in terms of accountability; 2. The Member State dimension focused on the impact of the implementation of the EBU on national institutions; 3. The multi-level dimension, which examined how the EU and its Member States interact within the EBU, as well as how the accountability mechanisms that apply at the national and EU levels to systems and procedures that are operated jointly by EU and national bodies or institutions are designed and function in practice. It is important for society because economic and especially banking-related matters are of particular importance to national and European economies and thus to the wealth and well-being of EU citizens. This is the very reason why the EBU was launched in 2012: among other things the euro area crisis had demanded that Member States invest considerable amounts of taxpayers’ money into the banking system and the EBU was meant, among others, to severe the doom loop between banks and sovereigns. The COVID crisis and especially the war in Ukraine and the economic downturns they have provoked have only reinforced the need for a Banking Union, as is evidenced by the fact that, for example, its functioning and its completion have been recurrently discussed by Member States over the last period.

Текст от CORDIS, на английски · Данни: CORDIS, © Европейски съюз

Цел на проекта

The economic and financial crisis that hit Europe a decade ago showed that the rules in force in the European Union (EU) could not cope with a banking and debt crisis appropriately. To tackle this problem, the European Banking Union (EBU) was established (2013), leading to the EU gaining competences in bank supervision and bank resolution. Yet, the creation of the EBU has numerous and multi-dimensional consequences for both the EU and its Member States. This project aims to examine those consequences. Taking France, Germany and Italy as representative case studies, it firstly analyses the impact that the EBU’s creation has had on the institutional balance at national level. Secondly, it considers its impact on the EU’s institutional framework, and in particular the consequences for the European Central Bank as well as specifically-created agencies and bodies such as the European Banking Authority. Thirdly, this project examines the EBU’s impact from a multilevel perspective, assessing whether accountability is sufficiently guaranteed or whether any gaps have emerged. Indeed, as shown by the crisis, bank failures have very significant consequences for Member States’ economies and tax payers’ money, which means that the transfer of bank supervision and resolution to the EU arguably requires high(er) levels of administrative accountability (i.e. auditing control), as well as judicial (i.e. judicial review) and democratic accountability. This project analyses these three types of accountability both as stand-alone issues and overlapping concerns. In employing a unique combination of legal and political science methods, while being informed by (political) economic research, and in addressing an emerging but under-researched topic, this project is original and will contribute greatly to making the EBU less obscure to citizens and stakeholders, while informing on-going reform discussions.

Оригинален текст от CORDIS (на английски).

Участници

FONDATION NATIONALE DES SCIENCES POLITIQUES · ParisКоординаторФранция