In addition, technology solutions promise to enhance regulatory capacity and tools to supervise the market, and facilitate regulatory compliance and reporting of financial institutions. Some examples of these include: 1. Big data analytics and algorithms that can be used to address information assymetry in financial service provision (e.g., analytics of social media behavior can predict financial behavior of target clients); 2.
Second, it is a priority to complete the Banking Union with a European Deposit Insurance Scheme and the Capital Markets Union in order to restore intra-European financial flows, improve stability in the banking sector and promote private risk-sharing in the EU.