Three key qualities of the European Union The European Union is a remarkable endeavour which is absolutely unique in human history. Three reasons are, most of the time, proposed for explaining this collective will of the Europeans to unite. First, the lessons drawn from the wars, particularly the last two world wars, which were, from a European standpoint, abominable civil wars.
It would be imperative for the CCPs to be treated as “too big to fail” systemic entities and regulated/supervised within a globally harmonized set of standards. Containing pro-cyclicality Both prudential regulations and accounting standards have increased pro-cyclical behavior among banks. Regulators need to recognize pro-cyclicality as a very natural unavoidable behavior.