For this reason, the banks themselves also have an interest in a functional operational framework. At this point, I would like to explain in greater detail two phenomena that impose limits on regulation: first, the challenges of globalisation and, second, the concept of what is known as homo oeconomicus.
Globalisation presents us with immense challenges that cannot be overcome at the national or European levels in isolation. Global problems such as environmental protection, security, and financial stability require collective solutions and in no way affect just one country or just economic agents alone.