[Slide 9 – Many European banks are larger than their home country] [Slide 10 – The banking sector is particularly large in several European countries] [Slide 11 – Financial market liberalisation and governance must be complements] However, I believe that there are still some doubts whether the largest, most complex and trading intense banks can be orderly resolved without risking the stability of the financial markets.
Hence, pressure on providing public support in a situation like that may still remain. We need to alter the incentives for banks to become too-big-to-fail in the first place.