Three European Agencies for banking, securities markets and insurance start with a mostly coordination function, but have certain evolutionist competence clauses in their statutes. They have to walk the narrow line between cross border activities of banks and integration of markets on the one hand and competences remaining at national levels like deposit guarantee schemes, resolution procedures, and insolvency legislation, i.e.
The repeated commitment and associated ground-level changes already taking place towards deepening “Policy-driven” governance (and less government) is mission critical in this context. •  Uncertainty has been lifted in key sectors like coal and spectrum. •  In today’s world, terms like “game-changer” and “transformative” are often used loosely, and are, therefore, more ubiquitous than warranted.