Addressing potential risks at their origin also reduces the probability of contagion throughout the euro area. Microprudential policies also help to reduce vulnerabilities in banks. I therefore welcome the European Commission’s risk reduction proposals presented last November, which further develop the EU’s legal framework for credit institutions and should increase the resilience of banks. Conclusion Let me conclude.
(2016), “Institutions and Growth in Europe” CEPS, April. 12 Flash Eurobarometer 457, Businesses’ attitudes towards corruption in the EU, October 2017. 13 OECD, Economic Surveys, Slovak Republic, June 2017. 4/4  BIS central bankers' speeches