More recently, the Bank Recovery and Resolution Directive (BRRD) was agreed upon. To comply with the new rules of the BRRD, banks across the EU will have to develop in a harmonised way recovery plans, cooperate with resolution authorities and make necessary changes to capital holdings, business activities, legal and operating structures. Finally, harmonised standards for deposit guarantee schemes have been introduced.
3  Increasing the sample does not improve the accuracy of the estimates if the source of the bias is not understood and dealt with. The use of massive amounts of rough data may result in an exceptionally good in-sample fit but may perform poorly out-of-sample (the curse of overfitting).