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Legal Regulation of Banking Supervision in the EU
Kasyanov Rustam Albertovich

PhD in Law

Docent, the department of European Law, Moscow State Institute of International Relations of the Ministry of Foreign Affairs of Russia

119454, Russia, g. Moscow, ul. Prospekt Vernadskogo, 76

rprofe@mail.ru

 

 
Bizyaeva Anastasiya Andreevna

student of the Department of International Law at Moscow State Institute of International Relations

119454, Russia, g. Moscow, prospekt Vernadskogo, 76

bizyaeva_anastasia@mail.ru

Abstract.

The subject of the research is the Banking Union of the EU as a new legal phenomenon , in particular, how it has been developing in co-operation with European and national specialized financial institutions as well as international banking laws. The authors place a special emphasis on the description and analysis of historical and legal facts allowing to better understand the nature and main goals of the Banking Union as well as its place in the overall system of financial relations of the EU. The authors demonstrate a close connection between new competent authorities of the Banking Union and European Banking Authority that was created for many purposes including regulation and supervision over the banking sector. The methodological basis of the research implies general and special research methods including historical, dialectical methods, systems approach and formal law method. In the course of their research the authors have made a list of the main legal acts that regulate the development of the Banking Union of the EU and have performed their system analysis. The authors conclude that in the EU financial regulatino has a systemic and complex nature and the Banking Union is just an another topical direction of the EU financial integration that has been quite a success so far. 

Keywords: Joint Supervisory Teams, Memorandum of Understanding, Single Rulebook, European Banking Authority, Single Supervisory Mechanism, European Central Bank, banking supervision, Banking Union, Basel Accord, Basel Committe

DOI:

10.7256/2454-0765.2017.4.25542

Article was received:

25-02-2018


Review date:

25-02-2018


Publish date:

15-03-2018


This article written in Russian. You can find full text of article in Russian here .

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