A new attempt to tame the financial markets - For a strong European banking union to end state liability in banking crises

Summary

Negotiation goals at the European level: uniform supervisory mechanism under parliamentary control and compliance with the principle of subsidiarity, strict separation from monetary policy when the ECB takes over supervisory functions, uniform restructuring and resolution regime for ailing banks, deposit protection fund amounting to 1.5 percent of covered deposits, resolution authority and financed by a bank levy Banking funds, no permanent capitalization of banks through the ESM, European debt repayment fund for old debts of the Euro states

Machine translation from German. The official text remains authoritative.

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2 official files

• 17/13961

  Drucksache · DE · 12 June 2013

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• 17/11878

  Drucksache · DE · 12 December 2012

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