Project description DEENESFRITPL A multilevel perspective on the European Banking Union’s impact In 2013, the EU created the European Banking Union (EBU) to ensure stability in the EU banking sector. This move was part of the EU’s institutional response to the deepening of the financial crisis in 2012. Nearly a decade later, the EU-funded IMPACTEBU project will study the multidimensional impact the EBU has had on both the EU and its Member States. To shed light on this under-researched topic, it will explore the EBU’s impact on the institutional balance in EU Member States Germany, France and Italy. The project will also study the EBU’s effect on the EU’s institutional framework, particularly for the European Central Bank and for agencies and bodies such as the European Banking Authority. An assessment of whether accountability is guaranteed will also be carried out. Show the project objective Hide the project objective Objective The economic and financial crisis that hit Europe a decade ago showed that the rules in force in the European Union (EU) could not cope with a banking and debt crisis appropriately. To tackle this problem, the European Banking Union (EBU) was established (2013), leading to the EU gaining competences in bank supervision and bank resolution. Yet, the creation of the EBU has numerous and multi-dimensional consequences for both the EU and its Member States. This project aims to examine those consequences. Taking France, Germany and Italy as representative case studies, it firstly analyses the impact that the EBU’s creation has had on the institutional balance at national level. Secondly, it considers its impact on the EU’s institutional framework, and in particular the consequences for the European Central Bank as well as specifically-created agencies and bodies such as the European Banking Authority. Thirdly, this project examines the EBU’s impact from a multilevel perspective, assessing whether accountability is sufficiently guaranteed or whether any gaps have emerged. Indeed, as shown by the crisis, bank failures have very significant consequences for Member States’ economies and tax payers’ money, which means that the transfer of bank supervision and resolution to the EU arguably requires high(er) levels of administrative accountability (i.e. auditing control), as well as judicial (i.e. judicial review) and democratic accountability. This project analyses these three types of accountability both as stand-alone issues and overlapping concerns. In employing a unique combination of legal and political science methods, while being informed by (political) economic research, and in addressing an emerging but under-researched topic, this project is original and will contribute greatly to making the EBU less obscure to citizens and stakeholders, while informing on-going reform discussions. Fields of science social sciencessociologygovernancetaxationsocial sciencespolitical sciences Keywords European Banking Union European Central Bank Accountability Multilevel governance Programme(s) H2020-EU.1.3. - EXCELLENT SCIENCE - Marie Skłodowska-Curie Actions Main Programme H2020-EU.1.3.2. - Nurturing excellence by means of cross-border and cross-sector mobility Topic(s) MSCA-IF-2019 - Individual Fellowships Call for proposal H2020-MSCA-IF-2019 See other projects for this call Funding Scheme MSCA-IF - Marie Skłodowska-Curie Individual Fellowships (IF) Coordinator FONDATION NATIONALE DES SCIENCES POLITIQUES Net EU contribution € 184 707,84 Address Rue saint guillaume 27 75341 Paris France See on map Region Ile-de-France Ile-de-France Paris Activity type Higher or Secondary Education Establishments Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 0,00
