Unless this changes, users of these services will not be able to benefit from the panEuropean nature of SCT Inst. They will have to look for alternatives when they travel, order goods and services from other countries or do business across Europe, and they will not care whether these alternatives are based on European schemes or not.
Financial Stability Board (2022a). Assessment of the Effectiveness of the FSB’s 2017 Recommendations on Liquidity Mismatch in OpenEnded Funds. Basel. Financial Stability Board (2022b). Enhancing the Resilience of Non-Bank Financial Intermediation. Progress Report. Basel. Grimm, Maximilian, Òscar Jordà, Moritz Schularick and Alan M. Taylor (2023). Loose Monetary Policy and Financial Instability. National Bureau of Economic Research (NBER). Working Paper 30958. Cambridge, MA.