Because of the large number of cashless payment instruments currently available, consumers are often at a loss as to which one to use. In this regard, Professor Sheena Iyengar of Columbia University conducted an interesting experiment on the provision of choice.
For a substantial proportion of the foreign-owned banks operating in the Western Balkans, the ECB will become the home supervisor. In addition to enhancing financial stability in the euro area, and thus the home region of parent banks with subsidiaries in the Western Balkans, the SSM has the potential to facilitate home-host country cooperation in banking supervision.