As for the third difficulty – namely the lack of incentives at the European level to stimulate reforms, it remains to be seen to what extent ‘naming, shaming, and faming’ will be strengthened. Some people have argued that the Commission should not assume the role of a schoolmaster faming good and naming bad pupils, and should instead play more a role of the coach.
At the micro level, safeguarding financial security is to preserve soundness of individual financial institutions and avoid systemic risks resulting from the failure of a single institution.