Stronger supervisory powers in terms of capacity, depth, methods and the opportunity to take a broader perspective. Better management of cross-border financial activities. Greater credibility in relation to the bail-in rules, and greater certainty that failing banks will be treated in the same way.
And like all other international cooperation for a small country: influence on rules and practices that must, in effect, be observed in any case – including having a spokesperson in institutions such as Basel and the FSB, where we are not invited to sit at the table ourselves.