Even with such a framework, conducting research on community development and economic empowerment programs can be challenging, in part because the effects these programs intend to achieve are often quite difficult to measure and may not become apparent for relatively long periods of  BIS Review 18/2005  1  time.
The fact that most of us share the same EU-wide regulatory rule book (CRR/CRD4) and instructions for crisis resolution (the BRRD) provides a good basis for this. But we also need to make sure that our national financial stability decisions pay due regard to their effects on other countries.