overall financial intermediation. In the EU, much of fintech is concentrated in the United Kingdom. We argue that policymakers … EU’s financial system? Getting the answers to these questions right at an early stage of market development would be an …

applicable to the use of public funds. The EU Bank Recovery and Resolution Directive (2014/59/EU) covers resolution, while … highlight how this two-tier framework raises important questions in the context of EU banking union. The first question is …