In addition, a proposal for a framework for the recovery and resolution of credit institutions and investment firms has been adopted; this is even more essential, as only a system that allows an orderly restructuring of SIFIs will impose the necessary market discipline on them.
Thus, thesecond pressing issue which needs to be solved is the concern with shadow banking and its lack of transparency. Here, the adoption of the EU regulation on the OTC derivatives market represents a significant step towards greater stability and transparency in an important segment of shadow banking.