Integrating Markets in Banking Services : A Legal Comparison between the European Union (EU) and the Eurasian Economic Union (EAEU) / by Gulnaz Ospanova.

Format:

Book

Author/Creator:

Ospanova, Gulnaz, author.

Series:

Studies in European Economic Law and Regulation, 2214-2045 ; 24

Language:

English

Subjects (All):

Commercial law.

European Economic Community.

Conflict of laws.

International law.

Comparative law.

European Economic Law.

Private International Law, International and Foreign Law, Comparative Law.

Local Subjects:

European Economic Law.

Private International Law, International and Foreign Law, Comparative Law.

Physical Description:

1 online resource (198 pages)

Edition:

1st ed. 2022.

Place of Publication:

Cham : Springer International Publishing : Imprint: Springer, 2022.

Summary:

This book deals with the banking integrations, which are becoming crucial at the present time not only because of the increased number of economic integrations, but also in view of their qualitative improvement. This book compares the European Union (EU) as the most successful union, which was able to move from the common financial market to the top of banking integration - the Banking Union, and the Eurasian Economic Union (EAEU) as a relatively young union but having many good prerequisites to become an influential union, established by five states - the Russian Federation, Kazakhstan, Belarus, Armenia, and the Kyrgyz Republic in 2015. The key research question is whether the single market in banking services or banking union is a reachable goal or on the contrary- utopia. Throughout the research, the book uncovers the bottlenecks and barriers that the EU and EAEU policymakers faced during the difficult process of establishing the single market and baking union. However, along with the problems of banking integration, the book identifies many particularities of the harmonization of banking legislations of the EU Member States. These identified particularities can be very beneficial for young unions and serve as a kind of guide in their integration processes. In particular, the book comes to the findings that evolutionary (not revolutionary) harmonization is required in order for the EAEU to become a full-fledged union. The full-fledged union, which was mutually established by the EAEU Member States with the purpose of bringing positive results for all its Member States, but not just as a counterbalance to the EU.

Contents:

1. Introduction

2. Non-legal barriers to the banking integration

3. The EU approach: EU legal barriers for the establishment of the EU single market in banking services/Banking Union

4. The EAEU approach: legal barriers in establishment of the EAEU common (single) market in banking services

5. Lessons to be learned by the EAEU and the EU Member States. 27.

Notes:

Includes bibliographical references.

Other Format:

Print version: Ospanova, Gulnaz Integrating Markets in Banking Services

ISBN:

9783031152825

OCLC:

1350685680