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.
Ladies and gentlemen, The main benefit of the banking union is that through it we will correct one weakness in our European financial market structure; the supranational institutional supervision and resolution set-up will match to the real operational scope and scale of the banking industry.