But it could become more widespread if the recently observed trend towards large scale cross-border M&A operations with major domestic players in the host countries continues in the coming years. Third, there is an increasing need for co-operation between EU and third country banking supervisors.
It included:   enhanced transparency and disclosure so markets work better;    larger capital and liquidity buffers to make banks safer;    broadening the span of regulation and oversight so that all systemically important financial institutions, markets and products are included;    stronger infrastructure so that core financial markets continue to function in periods of stress; and    credible and effective resolution regimes for all financial institutions so that no institution is too big to fail.