TY - RPRT A1 - Kammourieh Petrov, Sima T1 - Ring-fencing in the Eurozone and the road to the Banking Union N2 - The Banking Union is one of the most important and ambitious projects launched by the European Union in the last ten years. With supervisory and resolution mechanisms for Eurozone banks now up and running, the current narrative is that most of the work to create the Banking Union is complete. This paper disputes this view, arguing that the persistence of financial protectionism – or “ring-fencing” – at Member State level significantly erodes the effectiveness of the Eurozone’s single supervisory and resolution mechanisms. It formulates concrete recommendations and calls for a political leap of faith from Eurozone Member States to cease ring-fencing practices. Y1 - 2020 UR - https://nbn-resolving.org/urn:nbn:de:kobv:b1570-opus4-33378 ER -