Dieci anni dopo: l’Unione bancaria alla luce dei più recenti sviluppi legislativi e giurisprudenziali, tra rischi di limitazione al diritto di difesa e problematica valenza dei procedimenti amministrativi compositi

Abstract

This paper reviews the functioning of the Banking Union ten years after the launch of the Single Supervisory Mechanism. The proposed framework will begin with a presentation of the constitutional status of credit and the European legislator's initial interventions in this area. It will then summarize the legislator's multifaceted responses to the major financial crisis, which also served as the trigger for the construction of the Banking Union, the main features of which will be highlighted. Finally, it will review the most recent legislative interventions regarding central counterparties and the latest decision of the Court of Justice on composite supervisory procedures, highlighting the critical aspects, the level of guarantees, and the scope for improvement of this complex legal mechanism.