With respect to the reform of economic structure, its future direction has not been clear for some time, namely it has been difficult to identify areas or leading industries which are likely to support future growth.
Against this background, the ECB supports the idea of holding a dedicated workshop on credible CCP resolution funding involving the FSB, the Committee on Payments and Market Infrastructures and the Board of the International Organisation of Securities Commissions (CPMI-IOSCO), and the Basel Committee on Banking Supervision before the FSB finalises its guidance on the issue by the end of this year.