On Tuesday 10 September, Commission President-elect Ursula von der Leyen unveiled her pick of Commissioner-designates and their respective portfolios. While there were some surprises compared to rumoured allocations, overall the ‘package’ was welcomed by citizens and business alike. Explaining the proposed new College of Commissioners, Von der Leyen stressed that her focus will be on…

Since the onset of the 2008 financial crisis, global policymakers have been interested in ensuring that those financial institutions “whose distress or disorderly failure, because of their size, complexity and systemic interconnectedness, would cause significant disruption to the wider financial system and economic activity” (FSB, 2011) are identified and appropriately regulated. After systemically important banks…