欧洲金融一体化波折与单一银行监管机制的构建

文章以翔实的数据比较分析了金融危机前后（包括欧债危机以来）欧元区金融运行格局的变化，探讨欧盟推动建立单一监管机制的原因及前景。文章指出2008年以前，欧洲的金融一体化进程快速推进，银行业市场和金融市场不断融合。金融危机爆发后，监管制度缺位的问题暴露出来，欧洲银行业面临巨大的信心危机，金融一体化进程停滞，货币政策传导遇阻。欧盟反思危机教训，推动建立单一监管机制，重塑银行业信心，重启一体化进程，但实现这一目标任重而道远。

Difficulty in European financial imegralion and establishment of single banking supervisory mechanism

The article compares and analyzes the changes in the layout of financial performance in the Euro zone before and after the financial crisis （including the period since the outbreak of Euro debt crisis）, and examines the reasons and prospects of the European Commission to promote the establishment of a single supervisory mechanism. The acceleration of European financial integration in Europe had contributed to the integration of the banking market and the financial market before 2008. The financial crisis has exposed the lack of a banking regulatory system, and the European banking industry is facing a severe confidence crisis, together with sluggish progresses of financial integration and obstacles in monetary policy transmission. The European Commission has summarized the lesson of the crisis to promote the establishment of a single supervisory mechanism, aiming to restore confidence on European banking and to reactivate the progress of financial integration, despite the obstacles ahead towards achieving this aim.