CSE and CIS
Over 25 years ago, for political, economic, social, and ethnic reasons, the breakup of Yugoslavia has happened. Before that Yugoslavia was considered the best developed of all communist states, today most former Yugoslav republics are rather poor countries.
The package of prudential reforms for banks, known as Basel IV, is at a standstill due to the strong impact that it could have on the entire sector. The EU fears that the increase in the capital requirements could weaken the lending activity of European banks.