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Delay determinants of European Banking Union implementation / Michael Koetter, Thomas Krause, Lena Tonzer
VerfasserKoetter, Michael ; Krause, Thomas ; Tonzer, Lena
ErschienenHalle (Saale), Germany : Halle Institute for Economic Research (IWH), 05. Dezember 2017
Umfang1 Online-Ressource (III, 25 Seiten, 1,26 MB) : Diagramme
SpracheEnglisch
SerieIWH-Diskussionspapiere ; 2017, no. 24 (December 2017)
URNurn:nbn:de:gbv:3:2-81552 
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Delay determinants of European Banking Union implementation [1.26 mb]
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To safeguard financial stability and harmonise regulation the European Commission substantially reformed banking supervision resolution and deposit insurance via EU directives. But most countries delay the transposition of these directives. We ask if transposition delays result from strategic considerations of governments conditional on the state of their financial regulatory and political systems? Supervisors might try to protect national banking systems and local politicians maybe reluctant to surrender national sovereignty to deal with failed banks. Alternatively intricate financial regulation might require more implementation time in large and complex financial and political systems. We therefore collect data on the transposition delays of the three Banking Union directives and investigate observed delay variation across member states. Our correlation analyses suggest that existing regulatory and institutional frameworks rather than banking market structure or political factors matter for transposition delays.