Labour market institutions and reforms should avoid partiality Labour market segmentation tends to amplify employment adjustment disproportionately for some groups, like young workers. Therefore labour market institutions and reforms should avoid partiality, ie. large differentiation across worker groups. The focus should be on comprehensive reforms that lower average labour adjustment costs across the whole economy instead.
The macroprudential rules have been reviewed from time to time in the light of variations in the vulnerabilities of the system. One among the essential aspects of supervision that are crucial for macro-level monitoring is the efficient exchange of information between supervisors, both at home and abroad. Such an exchange provides an essential supervisory tool to support the supervision of banking groups.