From this point of view, the establishment of holding companies is an inevitable choice. As an integral part of SOE reforms, the reform of state-owned commercial banks adopted the holding company model after studying international and Chinese enterprises’ reform experiences. Of course, it has to be tested in practice.
The current federal structure of asymmetric powers strikes an appropriate balance between national and European interests, and it seems well-suited in the EU context. It allows the “center” to act against inaction (or, from the perspective of the EU, insufficient action) at the national level 3/5  BIS central bankers' speeches  in order to safeguard Euro Area-wide financial stability.