Finally the costs for society and tax payers for subsidies

Banking sector Golvatinib (E7050) depends on the further unification of the rules of the banking sector’s regulation and supervision. However, the resolving of banks’ risks importantly depends on the success of efforts for the unification of other (soft) factors in a banking business environment. Therefore, the continuation and deepening in EU banking sector integration can provide gains (e.g. Arnaboldi & Casu, 2011) as a necessary and essential goal of EU integration efforts. The role of economic policy is to mitigate the perceived slowdown in the banking integration process and to abolish the increased risks in the EU banking sector with considerable differences between banks at the micro level.
Our results have clearly confirmed the substantial differences and their persistence between the two clusters of old EU-14 member states without Greece and the new EU-12 member states with Greece. Harmonization policy measures should be directed at closing the gap between the two groups, and also between some smaller groups within each of the clusters. This implies that the deepening of banking sector integration also depends on proximity in cross-border convergence in other national policies, which are important for banking business performance.