That outlook has recently been called into question, in part on account of economic data for the USA and Japan that were generally felt to be disappointing, but also due to heightened political uncertainty surrounding the future reform efforts of some euro-area countries and the future composition of the European Union.
This is of particular importance for the efficient supervision of crossborder banking groups, as the appropriate dissemination of information relating to risks and the elimination (if possible) of work duplication are expected to reduce the administrative burden and costs for the supervised institutions, while reducing the strain on supervisory resources.