We also need to facilitate the flow of capital and liquidity within banking groups, subject to adequate financial stability safeguards and establish the third pillar of banking union – the European deposit insurance scheme.
Efforts Made by the Bank of Japan Given the potential size of the risks, the progress made to date, and the remaining challenges, how should the Bank of Japan establish a framework appropriate to managing these risks? I would like to point out three basic ideas. First, the size and number of challenges is no reason to delay addressing this issue.