30 See also Stern, C. (2017), “Fintechs and their emergence in banking services in CESEE”, Focus on European  Economic Integration, Oesterreichische Nationalbank, Issue Q3/17, pp. 42–58. 31 Here most of the EU funds are allocated via tenders and competitive calls, not via pre-allocated grants on the  basis of quotas at Member State level.
32 See European Commission (2018), “EU budget: Regional Development and Cohesion Policy beyond 2020”,  press release, 29 May. 16 / 16  BIS central bankers' speeches