Legal Framework Transformation Towards European Banking Integration

The paper analyzes recent EU actions in order to develop banking regulation towards having a real and operational banking union. The role and the present policy of the ECB is also addressed. EU banking priorities are presented, emphasizing the transformation imposed by the global financial crises and the recent cooperation among member states of the union. The interconnection banking-fiscal union is also approached, concluding on the mandatory steps to be taken in order to have a real support of the legal framework.