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Friday, 6th November 2015

Completing the Banking Union

Source: European Commission

The Banking Union is a key element of our Economic and Monetary Union (EMU). It is also a fundamental part of the objective to move towards a Financial Union in order to guarantee the integrity of the euro and increase risk-sharing with the private sector. The Banking Union should be completed by mid-2017.

The financial and the euro area debt crises made clear that more had to be done for the countries sharing a currency and as they were very interdependent, in particular to break the vicious circle between banks and national finances. That is why, in June 2012, Heads of State and Government agreed to create a Banking Union, completing the Economic and Monetary Union, and allowing for centralised application of EU-wide rules for banks in the euro area (and any non-euro Member States that would want to join).

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Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.

A Contributing Editor to DocuTicker, he also write reviews for Pennyblackmusic.

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