EU infighting blocks Basel recognition of banking union

Treating eurozone as single jurisdiction could slash G-Sib capital, but the 19 member nations have differences to settle first

In a recent overhaul of the way it identifies global systemically important banks (G-Sibs), the Basel Committee on Banking Supervision has hinted it might be prepared to treat the European Union’s banking union as a single jurisdiction – the collection of 19 eurozone member states has a central supervisor and resolution authority.

It would be a momentous change, and not just a symbolic one. If all intra-eurozone business was no longer regarded as cross-border, it would produce lower systemic

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here