5–28, Miles, D. Marcheggiano, G. and Yang, J. (2013), ‘Optimal Bank Capital’, Economic Journal, vol. 123(567), pp. 1–37. 18  See BIS/FSB (2010) Assessing the macroeconomic impact of the transition to stronger capital and liquidity requirements; BIS (2013), Macroeconomic impact assessment of OTC derivatives regulatory reforms. 19  European Commission, Economic review of the financial regulation agenda, May 2014.
20  See DG ECFIN (2007) Impact Assessment: Possible macroeconomic and financial effects of Solvency II and EBA (2014) Second report on impact assessment for liquidity measures under Article 509 (1) of the CRR. 21  “The Global Economy in 2030: Trends and Strategies for Europe”, European Strategy and Policy Analysis System and Centre for Policy Studies, April 2014.