The Banking Union is an essential pillar of the EU’s Economic and Monetary Union. In recent times it has become clear that it is a strength of the entire European economic system, vital for mitigating the impact of negative contingencies of the economic cycle.
The conclusions of the European Council on the possibility for the Commission to receive empowerment “to borrow funds on behalf of the Union on the capital markets” are one more step into the direction of a more integrated European financial system. However, the Banking Union is still not completed and not as resilient and weather-proof as one would wish.
Recently, the European Liberal Forum published a Discussion Paper which addresses technical questions concerning the state of the art of the European Banking Union system, examining the various proposals to counter the crisis and the possible use of complex analysis from the world of artificial intelligence to prevent crisis at micro-level.
In the next “On the Agenda”, we will address these and other issues, providing important updates on recent developments in terms of European economic policy.
Time: 09:30-10:30 (CEST)
Anastasiia Pravedna, Strategy and Membership Manager, European Liberal Forum
Beatriz Ríos, EU Affairs Reporter
Graham Bishop, Independent consultant & Co-author, ELF Discussion Paper No.1 – Banking Union: imminent crisis and possible solutions
Diane Fromage, Assistant Professor of European Law, Maastricht University