Availability of information on borrowers has improved which will help reduce information asymmetry among financial entities. The technological infrastructure has developed in tandem with modern-day requirements in information technology and communications networking. Moreover, the concept of finance has permeated across various institutions and a 'finance view' of all market transactions has emerged.
National policies alone are not enough to leave the crisis behind us once and for all. Policies at the European level are also necessary. For one, European measures to complete the single market, especially in the area of services, are needed. And I know that this is a need that is urgently felt in this country.