Thus, membership in the euro area will be a rather long-term perspective for the transition countries as the successful and sustainable adoption of a single currency will require more preparation than the fulfillment of the well-known (nominal) convergence criteria. It will be in the interest of the accession countries themselves to join monetary union well prepared.
This will make it possible to adapt resolution plans to the SIFIs' business models and not vice versa. Page 6 of 7  The alternative – to operate with plans to discontinue mortgage banks by winding them up –is not credible. The mortgage banks are closely interwoven with the rest of the financial system due to the role of mortgage bonds in liquidity management.