This could raise potential issues of traceability in the fight against money laundering, terrorist financing and tax evasion. It could also make the European payment system unfit to support our Single Market and single currency and vulnerable to external disruption, such as cyberattacks. Risks to financial stability and monetary sovereignty Other risks involve the monetary and financial system.
2  There were factors which probably depressed economic growth in FY 2015/16, such as the increase in market interest rates, the exchange rate volatility in the first half of the fiscal year and the election in the third quarter.