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European Central Banking Law: The Role of the European Central Bank and National Central Banks under European Law

European Central Banking Law: The Role of the European Central Bank and National Central Banks under European Law

Author: Christos V. Gortsos
Publisher: Springer-Verlag
ISBN: 9783030345631
Published In: February 2020
Format: Hardback
Jurisdiction: Switzerland ? Disclaimer:
Countri(es) stated herein are used as reference only

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Contents

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This book provides a comprehensive overview of European Union (EU) central banking law, a field of EU economic law which emerged in the late 1990s and has developed rapidly ever since. European central banking law pertains to the rules governing the functions, operation, tasks and powers of the European Central Bank (ECB) and the national central banks (NCBs) of EU Member States. Systematically presenting and analysing the role of the ECB as a monetary and banking supervisory authority, the book discusses its changing and developing responsibilities following the financial crisis of 2007-2009 and the ongoing fiscal crisis in the euro area.

The book also highlights the ECB's significant role in relation to the resolution of credit institutions, as well as, conversely, its relatively limited role in respect of last-resort lending to EU credit institutions exposed to liquidity risk. The related tasks and powers of the ECB are presented in light of its interaction with NCBs within the Eurosystem, the European System of Financial Supervision, the Single Supervisory System and the Single Resolution Mechanism. Providing a detailed analysis of the legal framework governing (mainly) the ECB's monetary policy and other basic tasks within the Eurosystem and its specific tasks in relation to banking supervision and macro-prudential financial oversight, this comprehensive book will be of interest to researchers, practitioners and students in the fields of EU monetary and banking law.

Part I. The Definition and Evolution of European Central Banking Law

Chapter 1. The Function of Central Banks

Chapter 2. The Establishment of the European System of Central Banks and the Eurosystem

Chapter 3. The Establishment of the European System of Financial Supervision

Chapter 4. The Establishment of the (European) Banking Union

Part II. Institutional Architecture

Chapter 5. The Systems and Mechanisms of the European Central Bank and National Central Banks

Chapter 6. Institutional Aspects of the European Central Bank

Part III. The Role of the European Central Bank

Chapter 7. The Basic Tasks of the European Central Bank within the Eurosystem: Issuance of Banknotes and Coins

Chapter 8. The Supervisory Tasks of the European Central Bank and its Cooperation with National Competent Authorities

Chapter 9. Specific Tasks and Competencies of the European Central Bank relating to Financial Stability