Macroprudential stability and structural regulation Simultaneously with Banking Union, other new measures to safeguard financial stability are also being developed in Europe. I will mention here two of these integrated sets of initiatives.
Business investment in new capital goods appears to have risen briskly, on net, so far this year. In particular, investment in nonresidential structures, which had been weak since 2001, seems to have picked up appreciably, providing some offset to the slower growth in residential construction. Spending on equipment and software has also been strong.