This Euro50 roundtable, co-hosted by the Bank of Portugal and organized with the support of CEPS (Centre for European Policy Studies), will address critical questions related to the implementation and the follow up to the Banking Union in Europe. This roundtable will look at Banking Union in the broader context of more integrated economic and financial markets and address a series of challenges related to its implementation and its future. In particular, it will look at the extent to which it might affect the single market for financial services, the extent to which it might require or precipitate further institutional challenges, the ways in which it will help reshape capital markets more broadly and finally the degree to which it could impact monetary policy.