Much of the complexity stems from the variety of available options, the likely impact of diversity in exercise of national discretions, lack of clarity on regulatory approach to various implementation issues - especially in a cross border situation and the likely unintended scope for regulatory arbitrage.
In a similar moment, after the European sovereign debt crisis, the National Bank of Serbia in May 2015 organised a regional conference on economic governance in Europe. At that conference, we discussed the proposals of new policies, in order to analyse them together and to reach the best solutions through a dialogue.