OxTalks will soon move to the new Halo platform and will become 'Oxford Events.' There will be a need for an OxTalks freeze. This was previously planned for Friday 14th November – a new date will be shared as soon as it is available (full details will be available on the Staff Gateway).
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The presentation focuses on the establishment of the European Banking Union (‘EBU’), its incorporation into the system of EU monetary and financial institutions and law, its unfinished elements and the potential challenges arising from recent major political developments at pan-European level. It is structured in three (3) Sections:
(1) Section A contains a brief analysis of the two main pillars of the EBU in operation (SSM and SRM), their institutional structure (and shortcomings), their link to the internal market, as well as the asymmetries which have been alleviated and those that have been created by the EBU establishment.
(2) Section B is addressing the unfinished agenda, with an emphasis on: – the creation of a European Deposit Insurance Scheme (‘EDIS’) as the third main pillar, – the transformation of the Emergency Liquidity Assistance (‘ELA’) mechanism into the fourth pillar of the EBU, – the necessary regulatory enhancement in order to substantiate the breaking of the ‘vicious circle’ between banks and sovereigns (the ultimate goal of the EBU), and – the missing link between a genuine Economic Union and the EBU.
(3) Finally, Section 3 looks into the potential effects of “Brexit” on the EBU’s further development.