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Banking Union: An Interim Report

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Erwin-Schrödinger-Saal
Plenary / Debate
english language

The Banking Union aims at centralising banking supervision and control. How should the recapitalisation of profitable banks and the resolution of insolvent banks be financed? How should current problems be dealt with? Is a common deposit insurance scheme needed? How can redistribution be avoided?

Speakers

Professor of Economics, Tilburg University, Tilburg Abstract
In my presentation, I will discuss the need and feasibility of cross-border cooperation in bank regulation and supervision under different circumstances. I will argue that the Eurozone is only sustainable if accompanied by, among others, an effective and sustainable Euro-level financial safety net, encompassing bank supervision, resolution and deposit insurance. On the other hand, the current crisis cannot be solved with such a banking union, but has to be addressed with a European Resolution Authority to disentangle the legacy sovereign and bank debt fragility.
Director, WPZ - Economic Policy Center, and Professor for Public Economics, University of St.Gallen Chair

Ph.D. Thorsten BECK

Professor of Economics, Tilburg University, Tilburg

1997-2008 World Bank, Development Research Group
since 2008 Tilburg University, Netherlands

Dr. Christian KEUSCHNIGG

Director, WPZ - Economic Policy Center, and Professor for Public Economics, University of St.Gallen

1987 Doktor rer.soc.oec. (Ph.D. in Economics), Leopold-Franzens-Universität Innsbruck
1995 Venia Docendi, Economic Policy and Public Finance, University of Vienna
1997-2001 Professor of Public Economics, University of Saarland; Director of European Institute, Economics, University of Saarland
since 2001 Professor of Public Economics and Director of FGN-HSG, University of St. Gallen
2012-2014 Director, Institute of Advanced Studies, Vienna
since 2015 Director, Wirtschaftspolitisches Zentrum, St. Gallen

Financial Market Symposium

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