In this working paper we explain the process of the construction of banking union, the most ambitious European project since the single currency. The project was launched in 2012 to send the markets a strong signal of unity in response to financial fragmentation and the risk of the break-up of the euro.
26 Member States signed on 21 May the Intergovernmental Agreement establishing the rules on the transfer, mutualisation and use of bank contributions to the Single Resolution Fund
On 24 July 2013, the European Commission presented a Payment Services Directive proposal (PSD2) which updates the current Directive (PSD1) , in force since 2007. It also provides new regulation on interchange fees