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Increasing cyber and hybrid risks will test the European Union’s system of fragmentation on issues of security but centralisation on financial and other economic issues. This asymmetry was not an obstacle in a world in which security threats were more contained or of a different nature. But...
Persistent link: https://www.econbiz.de/10012140010
Complementing Europe's bank-based system with deeper capital markets and more cross-border financial integration … opportunity to shape a stable and cost-efficient financial system. In contrast, late action could mean that Europe loses out to … foreign competitors and misses an opportunity to improve financial intermediation in Europe. …
Persistent link: https://www.econbiz.de/10011738354