This Chapter elaborates on the rationale and contours of a European Financial Union. It examines the main measures taken in the banking and financial sectors during the pandemic and discusses the state of play of Banking Union and Capital Markets Union and the challenges lying ahead to reach a European Financial Union. Banks mitigated the impact of the pandemic through increased lending – which was facilitated by supervisory and regulatory flexibility. Financial markets were relied upon since the start of the pandemic after monetary policy interventions, and in the EU recovery..
Author: Dr. Christy Ann Petit, Assistant Professor at the School of Law and Government, Dublin City University and Deputy Director, DCU Brexit Institute.
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