The global crisis has launched regulatory reforms in 18 areas, and among these, two areas are particularly important in the long-term for Croatian banks. Meeting the new capital requirements should not represent a problem, at least from the static perspective. Dynamically, the ability to meet the new capital requirements will depend on retaining the reasonably high expected rate of return on capital in relation to risk in the Croatian banking system. If these criteria cannot be met, it will be possible to have a stable, though stagnant banking system. Namely, faster growth with a too low return - risk ratio could lead to problems in meeting the new capital requirements by the middle of this decade. This scenario could be avoided by aligning the architecture of financial stability with European standards, and by carefully optimizing costs of regulation.

Large reforms are yet to be implemented in the deposit insurance system with an increase in the insured amount, expanding the spectrum of possible financing methods and implementing risk-based premiums. The question remains of whether the future European regulations will require a separation of the payment function of the deposit insurance fund from the intervention function, which is aimed at reducing the likelihood of an insured event. In any case, the EU is now moving towards establishing funds for resolving problems in banks, which should function as a complementary institution alongside the deposit insurance funds or as part of these funds. Aligning the function and means of financing these funds with EU standards is an opportunity to increase the quality of regulations and institutions without rushing, and to ensure maximum cost effectiveness of the architecture of financial stability in Croatia.