A lot of work needs to be done to equip the competent institutions with the analytical instruments to assess and monitor systemic risk and with the toolkit necessary to contain such risks.
Some concern may arise on whether the decision-making process, in particular within Europe and even more so for the euro area, which is expected to be set up over the next few months will be effective in the context of the single financial market, also in comparison to the reforms which have been put forward in the US. Implementation will be key.