The European public credit system: evolutionary profiles

Abstract

The progressive emersion of a new European credit regulatory system is the result of the process of European economic integration and of the recent financial crises, after which the new supervisory architecture and the European Banking Union were launched, characterized by a clear supranational interest to financial stability. Therefore, the profiles that characterize the evolution of this new regulatory system are different, from the tools for harmonizing the rules to the independence and accountability of the Single Supervisory Mechanism, to the “substantive” characteristics of the banking supervisory function as modeled by the Union regulation up to the law of banking contracts, in the prism of consumer protection