For example, risks around the BSA and Anti-Money Laundering rules cut across all segments and all portfolios. Similarly, firms must monitor credit and liquidity risks of loans acquired or processed via fintech platforms, especially given that these products have not been tested over an economic cycle.
Of course this is not the only benefit of completing capital markets union (CMU), which also include broader de-risking across European financial markets and economies, through increased cross-border risk sharing. A number of factors are required to create successful and well-functioning capital markets, which the objectives of the recent CMU action plan seeks to address:2 1.