(NCAs) and the European Central Bank (ECB)? Does the integration of close-cooperation countries’ banking systems with the … more difficult for a national central bank or NCA to exercise discretion in implementing ECB decisions once it is committed …

foster additional non-bank sources of finance, mobilize private savings more efficiently and enhance capital market … finances. In a CMU sovereign risks have to be treated adequately in bank regulation. Third, it should be assessed in advance … which sources of non-bank finance will be demanded by companies and will become systemic. We recommend an integrated …

allowed maintained bank weaknesses to persist and harmed the transmission of monetary policy but, whereas the SSM has been …

allowed maintained bank weaknesses to persist and harmed the transmission of monetary policy but, whereas the SSM has been …