GUIDELINES REGARDING THE BANK RECOVERY AND RESOLUTION DIRECTIVE AND RESPONSIBILITY IN THE BANKING ACTIVITY
GUIDELINES REGARDING THE BANK RECOVERY AND RESOLUTION DIRECTIVE AND RESPONSIBILITY IN THE BANKING ACTIVITY

Summary/Abstract: The Banking Union is considered by many specialists as a necessity within the current economic context. But there are also more skeptical authors who "see" this "union" as an attempt to salvgard the ideal of peace and prosperity represented by the European Union, along with other "unions", such as the military, tax and budgetary ones. Finally, the most skeptical specialists consider the banking union as an utopical construction, impossible to achieve. The banking union supposes the existence of three main pillars: a sole regulation body, a sole supervision mechanism and a sole resolution mechanism. In future, they wish the consolidation of the banking Union by enacting some measures of reduction and distribution of risks, measure referring to the additional reduction of risks in the banking system and to the establisment of an European insurance system for deposits.

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