For example, in evaluating the impact of a proposed acquisition on financial stability, should a firm get “credit” for recent or planned actions to reduce its systemic footprint through sales of subsidiaries or other assets? This would be an analogue to the divestitures that are often required as a condition of merger approvals by the antitrust agencies.
As leaders renewed their political commitment to strengthen EMU at the Euro Summit in December, we need to capitalise on this commitment and translate it into concrete policy actions ahead of the upcoming European elections. 3/3  BIS central bankers' speeches