We will work to ensure both development and security, making continued efforts to reform and improve the foreign exchange management system and mechanisms to align with the new systems for a higher-standard open economy under the new development paradigm.
In addition to the new harmonized rules on bank resolution, Europe also needs a unified resolution authority, called the Single Resolution Mechanism, with access to a Resolution Fund. The design of these institutions is under intensive negotiation. Most likely they will start  BIS central bankers’ speeches  3  as an intergovernmental structure but the EU community elements will be reinforced over time.