ECB glossary
All glossary entries
Abbreviations
Banking supervision
ECB
Macroprudential policy & financial stability
Monetary policy
Payments & markets
Statistics
B
-
banking union
-
One of the building blocks for completing Economic and Monetary Union, which consists of an integrated financial framework with a single supervisory mechanism, a single bank resolution mechanism, and a single rulebook, including for harmonised deposit guarantee schemes, which may evolve into a common European deposit insurance scheme. See also
Single Resolution Mechanism (SRM)
Single Supervisory Mechanism (SSM)