This should also be the first point we seek to tackle. The question we need to ask is: should banks be allowed to fail? My response is: of course banks should be allowed to fail. The possibility of market exit is a key element of any market economy. Business models that fail to succeed must make way for better business models.
SUERF and the Bank of Finland will organise in September this year a conference on shadow banks; this will provide a forum for discussing the theme more closely. (Welcome!) Finalising the Banking Union A key remaining task for Europe is finalising the Banking Union.