European Banking Union

The commentary on the European Banking Union presents an article-by-article analysis of the legal acts which constitute the basis of the two main pillars of the European Banking Union, that is the Single Supervisory Mechanism, with the European Central Bank as single supervisory authority for large banking institutions (mainly) in the Eurozone, and the Single Resolution Mechanism and the Single Resolution Fund, with the Single Resolution Board as a centralised decision-making body for the resolution of banks (mainly) in the Eurozone.