European Banking Union as a Final Stage to Complete the Economic and Monetary Union of the European Union

S. Savchuk


The article explores the reasons for establishment, contents and structure of the European Banking Union aimed to create a centralized framework for application of the EU banking law through the EU institutions. Special focus is made on the analysis of three main elements (pillars) of the European Banking Union: the Single Supervisory Mechanism, the Single Resolution Mechanism and the European Deposit Guarantee Scheme.


European Banking Union, EU banking law, EU Economic and Monetary Union, Single Supervisory Mechanism, Single Resolution Mechanism, European Deposit Guarantee Scheme.


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