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SUMMARY TABLE OF CONTENTS
Professor Christos V. Gortsos - Curriculum Vitae ................................................................VII
List of Tables ........................................................................................................................ IX
List of Abbreviations ........................................................................................................... XI
Introduction .......................................................................................................................XIII
Section A:
The European Banking Union:
a comprehensive overview of its legal framework
1. The political agenda
1.1 The decisions of June 2012 and the European Commission’s
initiatives
............................................................................................................. 1
1.2 The outline of the reform agenda: the main pillars
of the EBU
............................................................................................................ 3
2. The EBU in a historical perspective
2.1 From the Treaty establishing the European Community
to the TFEU
......................................................................................................... 6
2.2 The 2009 de Larosière Report and the establishment of the
European System of Financial Supervision (ESFS)
.................................... 8
3. Legislative actions – the new institutional and regulatory
framework
3.1 Introductory remarks
...................................................................................... 15
3.2 Authorisation, prudential supervision and prudential
regulation of credit institutions
.................................................................. 15
3.3 Resolution of credit institutions
.................................................................. 19
3.4 Deposit guarantee schemes
.......................................................................... 25
4. The remaining elements for a complete European Banking Union
4.1 Introductory remarks
...................................................................................... 29
4.2 The provision of direct public Ànancial assistance to credit
institutions by the European Stability Mechanism
................................. 29
4.3 The role of the ECB as a lender of last resort
......................................... 32
4.4 Winding-up of credit institutions
................................................................ 36