Thus, need for identifying risks and finding ways and means to mitigate them is not only significant from the perspective of safety and soundness of individual institutions but also from a systemic stability perspective. These objectives are sought to be achieved by subjecting banks to some form of regulation and supervision.
[2] USD 300 billion corresponds to around 7% of total US imports and exports, including oil-related shipments. [3] My focus today is on the interlinkages between the euro area and the rest of the world. Of course, cross-border integration is extensive within the euro area, in relation to both trade and financial integration.