This is a belated update on a paper I recently co-authored with Zsolt Darvas and Dirk Schoenmaker. "Reforms to the European Union Financial Supervisory and Regulatory Architecture and their Implications for Asia" was published by the Asia Development Bank Institute in November, and republished by Bruegel shortly thereafter.
We give an overview of the last few years' EU reforms, with a focus on banking union, and suggest a few lessons for Asia even while keeping in mind the vast differences between the two regions.
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