For my part, I sense there is little political enthusiasm to push for “more Europe” in fiscal policy matters at the moment, because it is naturally extremely difficult for a country to renounce sovereignty over its own budgetary policy.
Parallels between risk management at commercial and central banks Risk management has gained in importance in recent years for both commercial and central banks. The regulations that emerged following the crisis have led commercial banks to bolster their risk functions in a number of ways.