The Legal History of the European Banking Union: How European Law Led to the Supranational Integration of the Single Financial Market

Acknowledgements
Table of Contents
List of Tables and Figures
Table of Cases
Abbreviations
Introduction
	I. Purpose
	II. Explaining the Creation of the Banking Union
	III. Explaining Legal Change in European Integration
	IV. Overview
1. Integration through Harmonisation (1973–1984)
	I. Introduction
	II. Origins
	III. Starting a European Financial Market
	IV. The Principle of Non-Discrimination and the Harmonisation of National Laws
	V. The Introduction of the Principle of Home-Country Control
	VI. The Introduction of Committees of National Authorities
	VII. The Limited Progress in Financial Integration
	VIII. Conclusion: The Beginnings of a ‘Banking Union’
2. Integration through Competition
(1985–1997)
	I. Introduction
	II. The Emerging Regulation of International Finance
	III. The Framework for Completing the Internal Market by 1992
	IV. The Liberalisation of Capital Movements
	V. The Single Passport for Financial Services
	VI. The ‘General Good’ Exception
	VII. The Minimum Harmonisation of National Laws
	VIII. The Inclusion of National Authorities in the Single Passport Framework
	IX. The Success and Failure
of ‘Integration through Competition’
	X. Conclusion: The Perpetual Integration of the European Financial Market
3. Integration through Governance
(1998–2007)
	I. Introduction
	II. The Governance Model of Regulation
	III. The Multilevel Governance of Global Finance
	IV. The Economic and Monetary Union
	V. The 1999 Financial Services Action Plan
	VI. The Multilevel Governance of the European Financial Market: The ‘Lamfalussy Framework’
	VII. The Expansion of Home-Country Control to Financial Services Groups
	VIII. Competition Policy in the Single Financial Market
	IX. Crisis Prevention in the Single Financial Market
	X. The Democratic Legitimacy of Governance Structures: Transparency and Accountability
	XI. The Consequences of ‘Integration through Governance’
	XII. Conclusion: Creating the Conditions
for a ‘Banking Union’
4. (Dis-)Integration through Crisis
(2008–2012)
	I. Introduction
	II. The Financial Crisis Unfolds in Europe
	III. The Renationalisation of the Single Financial Market
	IV. The Global Responses to the Financial Crisis
	V. Rescuing the Single Financial Market
	VI. Replacing Committees with Agencies: The European Supervisory Authorities
	VII. Introducing Financial Stability into Integration: the European Systemic Risk Board
	VIII. From the Single Passport to the Single Rulebook
	IX. The Democratic Legitimacy of Financial Integration
	X. Conclusion: The Legal Causes and Consequences of the Financial Crisis
5. Integration through Centralisation:
The Banking Union (2013–… )
	I. Introduction
	II. The Sovereign Debt Crisis in the Euro Area
	III. The Build-up to the Banking Union
	IV. ‘Towards a Genuine Economic and Monetary Union’
	V. The First Pillar of the Banking Union: The Single Supervisory Mechanism
	VI. The Second Pillar of the Banking Union: The Single Resolution Mechanism
	VII. The Third Pillar of the Banking Union: A European Deposit Insurance Scheme
	VIII. The Democratic Legitimacy of the Banking Union
	IX. The Differentiation Process of the Banking Union
	X. Conclusion: The Completion of Legal Integration?
6. Unlocking the Past and Future of the Banking Union
	I. Introduction
	II. Explaining the Creation of the Banking Union: The Endpoint of Supranational Integration through Law
	III. Explaining the Legal Change Leading to the Banking Union
	IV. Explaining the Acceleration of Integration Towards the Banking Union: The Spillover of the Monetary Union
	V. Uncovering the Parallel Evolution of Global Standard-Setting
	VI. Understanding the Democratic Legitimacy Problem
	VII. The End of the Legal History of the Single Market? Determining the Future of the Banking Union
	VIII. Conclusion: The Banking Union and European Integration
Bibliography
Index