Creation of the Banking Union and Post-2008 Financial Regulation (2008-2014)

1. Euro area agrees coordinated bank rescue approach

   Oct 12, 2008Labels: Euro area, Bank rescue

   • Consilium
   • Al Jazeera

2. G20 issues Washington Declaration on financial reform

   Nov 15, 2008Labels: G20, Washington Declaration

   • White House
   • G20 Turkey

3. EU sets up ESRB for macroprudential oversight

   Dec 16, 2010Labels: ESRB, Macroprudential oversight

   • EUR Lex

4. European Banking Authority begins operations

   Jan 1, 2011Labels: EBA, European System

   • EUR Lex

5. Euro Summit endorses steps toward banking union

   Jun 29, 2012Labels: Euro Summit, Banking union

   • Consilium
   • ECB SSM

6. Commission proposes ECB-led Single Supervisory Mechanism

   Sep 12, 2012Labels: European Commission, SSM proposal

   • ECB SSM

7. EU adopts CRD IV and CRR capital rules

   Jun 26, 2013Labels: CRD IV, CRR

   • EC Finance

8. Commission proposes Single Resolution Mechanism (SRM)

   Jul 10, 2013Labels: SRM proposal, European Commission

   • SRB
   • ECB Speech

9. SSM Regulation gives ECB supervisory powers

   Oct 15, 2013Labels: SSM Regulation, ECB

   • EUR Lex

10. EU adopts deposit guarantee schemes directive (DGSD)

    Apr 16, 2014Labels: DGSD, Deposit guarantee

    • EUR Lex
    • EBA

11. EU adopts Bank Recovery and Resolution Directive (BRRD)

    May 15, 2014Labels: BRRD, Bank recovery

    • EC Finance
    • EBA

12. EU adopts SRM Regulation creating Single Resolution Board

    Jul 15, 2014Labels: SRM Regulation, Single Resolution

    • SRB
    • Consilium

13. Single Supervisory Mechanism becomes operational

    Nov 4, 2014Labels: SSM operational, ECB supervision

    • ECB SSM
    • EUR Lex