In this respect, one could also illustrate the relationship between monetary policy and financial integration with the help of the Tinbergen rule, which states that there should be at least the same number of instruments as there are targets.
The Liquidity Coverage Ratio was implemented last year, and most euro area banks are already complying 1/4  BIS central bankers' speeches  with the Net Stable Funding Ratio ahead of its implementation in 2018.