Skip to main content

LUP Student Papers

LUND UNIVERSITY LIBRARIES

A single European Banking Supervisor: an anachronistic move?

Månsson, Johanna LU (2014) RÄSM02 20141
Department of Sociology of Law
Abstract
Following the European sovereign debt crisis and the detrimental consequences this had for the European financial markets, Europe found itself at a crossroads, with an uncertain future ahead. As the choice was between fragmentation of the Member States or embarking on a journey almost as meaningful as a common currency, the 28 Member States decided on further integration, thereby establishing joint supervision for the euro area financial institutions and granting the ECB exclusive powers in its role as supervisor. The decision was supported by a unanimous decision of the European Council which pushed for fast action, and within only two years the mechanism began operating. Applying the theories of legal pluralism and globalization this... (More)
Following the European sovereign debt crisis and the detrimental consequences this had for the European financial markets, Europe found itself at a crossroads, with an uncertain future ahead. As the choice was between fragmentation of the Member States or embarking on a journey almost as meaningful as a common currency, the 28 Member States decided on further integration, thereby establishing joint supervision for the euro area financial institutions and granting the ECB exclusive powers in its role as supervisor. The decision was supported by a unanimous decision of the European Council which pushed for fast action, and within only two years the mechanism began operating. Applying the theories of legal pluralism and globalization this research paper evaluates different arguments for and against a common banking supervision and tries to establish whether the relevant institutions and Member States are in fact ready for this rapid development. Using evaluation research as the methodological foundation for the scientific research a conclusion was reached based on interviews, media content analysis and statistics, providing an answer to the question of whether the mechanism is anachronistic or in fact a necessary step for the future of Europe. (Less)
Please use this url to cite or link to this publication:
author
Månsson, Johanna LU
supervisor
organization
alternative title
Whether a fully-fledged and smoothly functioning Economic and Monetary Union - or in Euro jargon a completion of- can be achieved with the most recent transnational legislative experiment a joint Banking Supervision.
course
RÄSM02 20141
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Single Supervisory Mechanism, Banking Union, ECB, Legal Pluralism, Globalization
language
English
id
4628753
date added to LUP
2014-09-09 10:47:55
date last changed
2014-09-09 10:47:55
@misc{4628753,
  abstract     = {{Following the European sovereign debt crisis and the detrimental consequences this had for the European financial markets, Europe found itself at a crossroads, with an uncertain future ahead. As the choice was between fragmentation of the Member States or embarking on a journey almost as meaningful as a common currency, the 28 Member States decided on further integration, thereby establishing joint supervision for the euro area financial institutions and granting the ECB exclusive powers in its role as supervisor. The decision was supported by a unanimous decision of the European Council which pushed for fast action, and within only two years the mechanism began operating. Applying the theories of legal pluralism and globalization this research paper evaluates different arguments for and against a common banking supervision and tries to establish whether the relevant institutions and Member States are in fact ready for this rapid development. Using evaluation research as the methodological foundation for the scientific research a conclusion was reached based on interviews, media content analysis and statistics, providing an answer to the question of whether the mechanism is anachronistic or in fact a necessary step for the future of Europe.}},
  author       = {{Månsson, Johanna}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{A single European Banking Supervisor: an anachronistic move?}},
  year         = {{2014}},
}