Vaccines offer great hope that the virus can be defeated. But distribution around the world will take time, creating an ongoing need for containment measures. And we have yet to fully understand the implications around new strains of the virus.
The mandate of the de Larosière group was to study how best to organize micro-prudential supervision of European financial institutions in order to overcome the limitations of an approach that relies solely on voluntary cooperation among national regulators. The de Larosière Report proposes a reform resting on two main pillars.