This debate overlooks that there are unexploited potentials for improvSeite 6 von 10 Deutsche Bundesbank, Directorate General Communications Wilhelm-Epstein-Strasse 14, 60431 Frankfurt am Main, Germany, Tel: +49 (0)69 9566 3511 or 3512, Fax: +49 (0)69 9566 3077 presse@bundesbank.de, www.bundesbank.de Reproduction permitted only if source is stated. ing risk sharing via financial markets – particularly with regard to international risk sharing.
Better risk sharing does not imply calling the European bank-based financial system into question. Rather, it is about finding a good mix between debt and equity finance, between financing via banks and markets. This contributes to an improved allocation of risks across the financial system and to its resilience.