The banking union is not centred round joint liability

Analysis – November 2018 – No. 19

Authors Bartholdy, Niels
Subject Financial regulation; Financial stability; EU issues; Financial legislation
Type Analysis
Year 2018
Published 20 November 2018
Neither the banking union nor the Economic and Monetary Union, EMU, is centred round joint liability. That is why concerns about ”footing the bill” for bank rescues in other member states should not be the key issue in an assessment of the pros and cons of Danish participation.