It is also used by the Treaties to describe the allocation of powers and to demarcate competences between the Member States and the EU in a variety of fields. For example, Article 170(1) of the TFEU provides that “the Union shall contribute to the establishment and development of trans-European networks in the areas of transport, telecommunications and energy infrastructures”.
At that time there was a big debate after the financial crises on what Asia needs to do to diversify its financial sector. One of the major stresses was on the need to nurture more systematically the interdependence of the capital markets and the banking sector.