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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.
