Deposit guarantee schemes are a crucial element of modern financial
safety nets. Despite positive achievements in the integration of
European financial markets and economies, the recent financial crisis
confirmed that closer coordination of prudential policies and safety
nets is now required. Against this background, Francesca Arnaboldi
highlights the importance of one of the three pillars of the Banking
Union, the common mechanism for insuring deposits. She suggests that
integrated financial markets require a European solution with regard to
deposit insurance and that the establishment of a pan-European scheme
could address the problems for large cross-border banks. The book is an
ideal resource for academics and practitioners interested in the new
regulatory framework on deposit guarantee schemes and its link to the
first two pillars of the Banking Union.